Canada Without Poverty and Basic Income Canada Network are both Non-Profit Organizations in Canada, but they differ in terms of their form of organization, charitable governance, and value propositions. CWP - Canada Without Poverty Form of Organization and Difference is a registered charity organization that advocates for poverty reduction policies and human rights. operates as a membership-based organization. Charitable Governance: As a registered charity, CWP must adhere to the regulations set by the Canada Revenue Agency (CRA) and must operate exclusively for charitable purposes. CWP is accountable to its donors, members, and the public, and its board of directors governs the organization. Value proposition: CWP's value proposition is centered around its advocacy for poverty reduction policies and human rights. Its goal is to end poverty in Canada and promote the economic and social well-being of all Canadians. Similarities: hare a common goal of promoting economic and social well-being for Canadians. advocate for policies that address poverty and inequality in Canada. rely on grassroots activism to achieve their goals. BICN - Basic Income Canada Network Form of Organization and Differences/Similarities is a non-charitable non-profit that advocates for a Basic Income Guarantee program for all Canadians. CWP operates as a membership-based organization, BICN is a volunteer-led network of advocates. Charitable Governance: BICN, on the other hand, is not a registered charity and is not required to follow CRA regulations. operates as a grassroots advocacy group, and its governance structure is less formal than CWP. Value proposition: BICN's value proposition is centered around its advocacy for a Basic Income Guarantee program, which would provide all Canadians with a basic income regardless of their employment status. Similarities: hare a common goal of promoting economic and social well-being for Canadians. advocate for policies that address poverty and inequality in Canada. rely on grassroots activism to achieve their goals. Similarities: Both organizations maintain proper accounting records and prepare financial statements that accurately reflect their financial position. This includes recording all financial transactions, keeping track of assets and liabilities, and preparing income and expense statements, balance sheets, and cash flow statements. Both organizations are subject to the Canadian Accounting Standards for Not-for-Profit Organizations (ASNPO), which provides guidance on accounting for not-for-profit organizations in Canada. ASNPO establishes accounting principles and guidelines that ensure consistency and comparability in financial reporting across NPOs. Both organizations rely on donations and contributions from members and supporters to fund their operations. This means they must keep track of all donations and contributions, issue tax receipts, and ensure that all funds are used for charitable purposes. Differences: CWP is a registered charity and must comply with the specific accounting and reporting requirements set by the Canada Revenue Agency (CRA). This includes preparing a Registered Charity Information Return (T3010) that provides information on the organization's activities and finances, and filing audited financial statements if its gross revenue exceeds $250,000. BICN is a non-charitable non-profit and is not subject to the same requirements. CWP prepare and file annual information returns with the CRA, which includes financial statements. This requirement is not applicable to BICN. CWP conduct an audit of its financial statements depending on the level of its revenue. If its gross revenue is between $250,000 and $1 million, it has a review engagement, while if its gross revenue is over $1 million, it will have an audit. BICN is not subject to the same requirement. CWP have restrictions on how it can spend its funds because of its charitable status. Charitable funds must be used for charitable purposes, and there are restrictions on how much can be spent on fundraising and administration. BICN has more flexibility in how it can use its funds, as it is not subject to the same restrictions. CWP and BICN share some commonalities in their accounting and financial reporting methods, there are notable distinctions due to CWP's classification as a registered charity. As a result, CWP is mandated to adhere to specific accounting and reporting regulations set forth by the CRA, submit annual information returns, and may face limitations on the allocation of its resources. On the other hand, BICN, as a non-charitable non-profit, has greater freedom in its accounting procedures and the utilization of its funds. Both Canada Without Poverty and Basic Income Canada Network can be considered non-profit organizations of economic importance to Canada, but for different reasons. Canada Without Poverty: Being a registered charity, it focuses on reducing poverty in Canada. Its programs and initiatives aim to address systemic poverty and inequality, and its advocacy efforts seek to influence government policies related to poverty reduction. It plays an essential role in Canada's social and economic landscape by promoting social justice and inclusion, which are crucial factors in the country's economic development. Basic Income Canada Network: Being a non-charitable non-profit advocate for the implementation of a universal basic income in Canada. Its programs and initiatives aim to raise awareness about UBI, explore its potential benefits and drawbacks, and develop policy proposals to make UBI a reality in Canada. In this sense, BICN contributes to the economic discourse in Canada by promoting innovative solutions to address income inequality and poverty, which can have significant economic implications. In summary, both can be considered NFPOs of economic importance to Canada, as they play a crucial role in promoting social justice, addressing poverty and inequality, and contributing to the economic discourse in the country. According to this which one is performing better Canada Without Poverty or Basic Income Canada Network? Why?