Let's dive into the fascinating world of non-profit social enterprises! Grab a snack and let’s get learning! 😊

• Businesses in the private sector, but without the main aim of making profits.
• Their main goal? Social purpose.
• Fun Fact: They generate surpluses, not profits. Think of a surplus as a "profit twin", but the extra money goes back into the cause rather than people's pockets.
  • Real-world example: Imagine you sell lemonade for a charity. After costs, the extra money you make isn’t pocketed but goes to the charity!

Some are as big, or even bigger, than traditional businesses.

• United Way, Red Cross, and Red Crescent: You might’ve heard of them. Massive impact, massive size!

 Non-Governmental Organizations (NGOs)

• Definition: Not run by any government but have a socially desirable cause.
• Variety: Ranges from single-issue like Save the Whales to broad like Greenpeace.
• Some have political goals, while others don’t.
• For instance: The Aga Khan Development Network doesn’t play politics, but the National Rifle Association does.

Charities

• Definition: Focus on philanthropy and help those in need.
• Variety: From Saba Relief (event-based) to Save the Children (issue-based).
• Some avoid politics like International Red Cross, while others, like Catholic Charities USA, might be more intertwined.
• Biggest perk: Tax exemption! Charities don't have to pay taxes, while NGOs do.