There are no transferable, assignable, or redeemable ownership interests. It is a quality that sets charitable organizations apart. A not-for-profit organization's main goal is to help the people who make up its constituency. Option B
A nonprofit organization (NPO) or non-profit organization is a legal entity organized and operated for a collective, public, or social benefit as opposed to an entity that operates as a business with the goal of making a profit for its owners. It is also referred to as a non-business entity, not-for-profit organization, or nonprofit institution.
A nonprofit corporation must meet requirements outlined by the internal revenue code in order to become a legally recognized and tax-exempt organization. NPOs' legality and tax status are decided by the IRS in the US.
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