In a 'not-for-profit' organisation, this surplus is reinvested back into the organisation to provide services and facilities that further its aims and mission.

What does not-for-profit mean?

It can sometimes be confusing to know exactly the difference between a ‘for-profit’ and ‘not-for-profit’ provider when looking for an aged care home or retirement village for you or your loved one. There are an abundance of both ‘for-profit’ and…

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