Business Terms and Jargon Explained

What is Charity

A charity is an organisation that’s main purpose is a “cause”, rather than an organisation that makes a profit know as a business. All charities are registered as charity under the Charities Act 2011. There are however a few organisation that qualify as a charity for tax purposes such as hospices and orphanages.

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Term created / updated 2013-04-28 16:52:22

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