From the information below; sources of income for a Not-for-profit-making organization include?

I. Members subscription
II. Fines from members
III. Donation
IV. Loan from bank

A. I, III, IV
B. I, II, III
C. I,II, IV
D. I and IV

Correct Answer:

Option B – I, II, III

Explanation

Nonprofits can and do use the following sources of income to help them fulfill their missions:

• Fees for goods and/or services.
• Individual donations and major gifts.
• Bequests.
• Corporate contributions.
• Foundation grants.
• Government grants and contracts.
• Interest from investments.
• Loans/program-related investments (PRIs)