However, more and more impact organizations are developing steady revenue streams and innovative social enterprises are taking root. With 1500+ such organizations on Vancouver Island that fit TIF’s target investee profile, there are a lot of untapped opportunities in this under-capitalized market.
Let’s talk ‘non-profit’. ‘Non-profit’ is a legal term that describes a specific incorporation type. It is not a restriction on revenue generation or profits. The key difference is that non-profits can not pay profits out to shareholders as there are no shares to hold. Their profits must be redirected back into their operational expenses and achieving their mission and mandate for the well-being of the community. Charities are similar.