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Forums › ACCA Forums › ACCA BT Business and Technology Forums › Not for Profit vs Non-Governmental Organisations
Non governmental organisations are not directly linked to the government
What does it mean?Are they indirectly linked?
And what is the main difference between NGo and NFP?
Not for profit, also known as non profit org, NPO or non commerical organistaion NCO use surpluss revenues from the economy to achive its goals rather rthan distributing them as profits or dividents. (surplus is excess revenue) Ngo’s are legally constitued organisations created by natural or legal people they operate independently from the gov. But persue social aims that have political aspects but are not openly political like political parties, when they are totally or partially funded by the government, they maintain non governmental status by excluding government membership in the organisation.