I. Members subscription

II. Fines from members

III. Donation

IV. Loan from bank

From the information above, sources of income for a Not-for-profit-making organization include

  • A I,III,IV
  • B I,II,III
  • C I,II,IV
  • D I and IV
jamb 2016accounting

The correct answer is B. I,II,III

Nonprofits can and do use the following sources of income to help them fulfill their missions:

Fees for goods and/or services.

Individual donations and major gifts.

Bequests.

Corporate contributions.

Foundation grants.

Government grants and contracts.

Interest from investments.

Loans/program-related investments (PRIs)

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