July 24, 2003
Study of Charity Businesses Finds That Many Earn Profits
A new survey of 72 nonprofit organizations that run 105 business ventures found that more than two-thirds of the ventures make a profit or break even.
Of the profitable ventures, 45 percent made money within their first year of operation, and 12 percent did so within two years. Another 12 percent reported that they were profitable within three years. Four percent said it took four years, and 14 percent said it took five.
Thirty-three of the 72 charities surveyed said they
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