What is the primary objective of a charity?

What is the primary objective of a charity?

• A. Maximize profit
• B. Provide community services
• C. Generate income for shareholders
• D. Avoid taxation

Answer: (B)

The primary objective of a charity is to provide community services. Charities are established to serve the public interest and address various social, environmental, or humanitarian needs. Their primary focus is on offering support, assistance, and services to those in need, rather than on generating profit. This involves activities like providing education, health services, relief efforts in emergencies, and other forms of community support, all aimed at improving the welfare of individuals and society as a whole. This commitment to community service distinguishes charities from businesses, which primarily seek to generate profit. In this context, options such as maximizing profit, generating income for shareholders, or avoiding taxation do not align with the core mission of charities, which is inherently focused on service and support rather than financial gain.

The primary objective of a charity is to provide community services. Charities are established to serve the public interest and address various social, environmental, or humanitarian needs. Their primary focus is on offering support, assistance, and services to those in need, rather than on generating profit. This involves activities like providing education, health services, relief efforts in emergencies, and other forms of community support, all aimed at improving the welfare of individuals and society as a whole. This commitment to community service distinguishes charities from businesses, which primarily seek to generate profit.

In this context, options such as maximizing profit, generating income for shareholders, or avoiding taxation do not align with the core mission of charities, which is inherently focused on service and support rather than financial gain.