Question

Voluntary health and welfare organizations raise a significant amount or nearly all of their resources from contributions and grants, and are subject to the rules of the AICPA Not-for-Profit Guide.

Answer 1

Voluntary health and welfare organizations are non-profit organizations that raise resources from donations and grants to provide goods and services to their members.

Step-by-step explanation:

A voluntary health and welfare organization is a type of non-profit organization that raises a significant amount or nearly all of their resources from contributions and grants. These organizations are subject to the rules outlined in the AICPA Not-for-Profit Guide. They provide goods and services to their members or participants to improve their lives or achieve a specific outcome, such as education or health. If these organizations make a profit, the money is either reinvested or used to expand services.