What are the ways through which NGOs generate the income internally? Explain giving examples

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NGOs, or Non-Governmental Organizations, rely on a variety of sources to generate their income and finance their programs and activities. These sources include donations from individuals, foundations, corporations, and governments, as well as grants from international organizations. However, in addition to external sources of funding, NGOs also generate income internally through various means. This internal generation of income is important as it provides a stable and sustainable source of funding for the organization and reduces its dependence on external sources.

1. Membership Fees: NGOs often have a membership structure, and members are required to pay annual or monthly fees to maintain their membership status. This income can be used to fund administrative expenses, such as rent and utilities, or to support specific programs and projects.

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Degree : CERTIFICATE PROGRAMMES
Course Name : Certificate Programme in NGO Management
Course Code : CNM
Subject Name : Management Functions
Subject Code : BMS 2
Year : 2023