Asked by OfficialAuzzi Clitnovici on Jun 19, 2024
Verified
Financial donations to nonprofit organizations are referred to as ______ income.
A) contributed
B) banked
C) in-kind
D) investment
Financial Donations
Contributions of money given by individuals or organizations to support charitable causes, nonprofit organizations, or other philanthropic activities.
Contributed Income
Financial support received by nonprofit organizations through donations, grants, or gifts rather than earned income.
- Comprehend the distinctions and resemblances among diverse sources of funding for nonprofit organizations, including donations, revenue generated from services, and philanthropic contributions.
Verified Answer
JM
Julissa MolinaJun 20, 2024
Final Answer :
A
Explanation :
Financial donations to nonprofit organizations are typically referred to as contributed income.
Learning Objectives
- Comprehend the distinctions and resemblances among diverse sources of funding for nonprofit organizations, including donations, revenue generated from services, and philanthropic contributions.
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