A nonprofit organization serves public or mutual benefits and interests. Being a nonprofit does not mean that the organization does not generate profit, but simply that it doesn’t generate revenue for the purpose of harvesting income. They typically serve a scientific, religious, educational, or charitable purpose and, with recognition by the IRS, are tax-exempt. Nonprofits…
About the Author
Lexine Machuca
Prior to her time at Fit Small Business, Lexi Machuca worked as a news writer and content creator, dabbling in creative writing when possible. She enjoys making art, writing poetry, and studying pop culture.
What is Cost of Goods Sold (COGS) & How To Calculate It
Cost of goods sold (COGS) is an accumulation of the direct costs that went into the goods sold by your company. This includes the cost of any materials used in production as well as the cost of labor needed to produce the good. It does not include indirect expenses such as distribution costs and marketing…
What Is Influencer Marketing & How To Get Started With Examples
Influencer marketing uses people with a large following to drive a brand’s message to their target market. Celebrities, athletes, and those with large social media followings are used to promote products or services. Instead of addressing the consumers directly, this strategy relies on individuals to inspire and get the word out to the target market….
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