The loss made by a non profit making organization is called
Answer Details
The loss made by a non-profit organization is called a "deficit". A deficit occurs when the organization's expenses exceed its revenue or funding sources. In other words, the organization is spending more money than it is bringing in.
Non-profit organizations, unlike for-profit companies, do not exist to make a profit for shareholders or owners. Instead, they have a mission to serve a particular cause or group of people. They rely on donations, grants, and other sources of funding to support their operations.
When a non-profit organization has a deficit, it can be a cause for concern because it means that the organization may not be able to fulfill its mission and serve its beneficiaries effectively. However, deficits can be managed and addressed through strategies such as increasing revenue, reducing expenses, or seeking additional funding sources.