Can an NPO suffer a loss?

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Can an NPO suffer a loss?

mukesh.singh 2nd Dec, 2022

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mukesh.singh 2nd Dec, 2022

Every time a nonprofit's expenses go beyond its income, a loss occurs. Organisations and governmental bodies are likewise subject to this. Since nonprofit organisations rely so much on the generosity of contributors to survive, deficits can be challenging for them to overcome.

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