A hospital in my town constantly overspends its budget to procure more government funding! How is that fair when the ALP just sack the staff to justify it!
The Difference Between Public & Private Non-Profit Organizations
by Amanda McMullen, Demand Media
Non-profit organizations typically fall into one of two categories: public and private. While a public non-profit organization receives the majority of its funding from the general public, a private non-profit organization receives most of its funds from only a few private sources, such as through donations from a single family or corporation. Ads by Google $41/hr Working From Home:
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A non-profit organization is a company created for purposes other than earning a profit. Typical non-profit organizations include hospitals, schools, churches, political organizations, public clinics, labor unions, volunteer organizations, museums, research institutes, professional associations and legal aid societies. Most non-profit organizations enjoy tax exemption from the federal government if they exist for the purpose of charity, religion, public safety, science, education, literacy, the development of sports or the prevention of cruelty to animals or children. Public Non-Profits
Public non-profit organizations obtain most or all of their financial support through donations they receive from the general public. Some of these organizations, such as those that provide services or goods to the needy, may procure funding by holding fundraisers in which they collect small donations from individuals who sympathize with their purpose. Other public non-profits, such as museums, may raise money by offering certain perks in exchange for paid memberships. Related Reading:Good Ways to Make Money as a Non Profit Organization Private Non-Profits
Private non-profit organizations receive financial support from only a few sources, such as a dedicated donor or investment income. In some cases, a private non-profit organization may receive a large portion of its funding from the individual who founded the organization. Founders of private non-profit organizations may secure additional funding from other wealthy donors who are interested in furthering the same cause. Private non-profit organizations typically don't solicit funds from the general public. Considerations
Some public non-profit organizations may receive goods from the public rather than monetary donations. Some states exempt non-profit organizations from tort liability and from paying unemployment insurance taxes, regardless of whether the organization is receiving public or private funding. All federally recognized non-profit organizations are exempt from paying Social Security taxes, but some organizations elect to pay them anyway.
