No, non-profits still have overheads such as fixing their buildings they run out of and if they provide a service then building additional infrastructure to provide more of it.
That is not profit.
Profit is charging more than your costs so that you have a positive balance afterwards outside of the overheads which can be withdrawn.
When I say profit I mean money going to shareholders. The money made should be kept within the business (where possible) to fund its maintenance and development.
Would the ‘maintenance/development on top’ not be called profit?
No. Profit is what’s left after all costs have been accounted for.
No, non-profits still have overheads such as fixing their buildings they run out of and if they provide a service then building additional infrastructure to provide more of it.
That is not profit.
Profit is charging more than your costs so that you have a positive balance afterwards outside of the overheads which can be withdrawn.
When I say profit I mean money going to shareholders. The money made should be kept within the business (where possible) to fund its maintenance and development.