There are many institutions apart from the government that is serving the society and the state as a whole. These institutions are many private sector organizations and most importantly nongovernmental organizations. Nongovernmental organizations are an institution of a state that works for the welfare of a society in different domains. The sole purpose of such organizations is work for the welfare of the people and to provide all the subsidies to the local people and mostly to the lower class of the society. These organizations are nonprofit organizations and work without the intention of making profits and self-benefits. They are voluntary organizations opened by people from different backgrounds.
Where do they get their funds or budget?
The nonprofit organizations get all the funds and resources from different people and organization. They collect all the fund from trustees, members of the organization and largely from the individuals or the organizations that do not expect the repayment of these funds. Such people who donate these funds did not catch in the details of any profit and loss. The sole purpose of investing in the organization is to serve the public and to provide better facilities to the people in every field of life.
The “nonprofit” landscape:
The nonprofit or not for profit has certain controversies. These organizations are exempted from the tax. They do not work for acquiring any profit that is why they are often compared with the charitable organizations. The purpose of both the organizations is the same. This debate categories nonprofit organizations based on their goals and structure. For instance, there are many trade unions, sports clubs and welfare medical organizations that are all nonprofit organizations but serve with different structure and goal. Likewise, there are many specific NGOs as well. They include several advocacy groups or the peak bodies that serve for the specific group of people and for the specific causes. For all the NGOs the maxim is the same that they are nonprofit. Given this common maxim, the NGOs work for the cause and not for the profits.
NGOs and third world states:
The role of NGOs is far greater in underworld countries than in the developed countries. In the developed countries the government has enough revenue to facilitate its public with all the best facilities of every domain. On the flip side in the underworld countries, NGOs are working to serve this purpose and it plays a vital role in counting the needs of many people at lower as well as higher levels. The NGOs has many roles to play and has become an important institution of every state. These NGOs work in the education sector, agriculture sectors, in providing employment and recreation facilities to the public and in many other sectors. NGOs also assist in improving the living style of the public. NGOs with the collaboration of other foreign organizations has also the ability to initiate many mega projects for the betterment of the society.