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Nonprofit Organization
(redirected from Non-profit organization)

   Also found in: Dictionary/thesaurus, Legal, Acronyms, Wikipedia 0.03 sec.
Nonprofit Organization
An organization that operates as if it were a business but does not seek a profit. Common examples of nonprofits include charities, private schools, and think tanks. Nonprofits do not pay taxes; donations to many are tax-deductible, at least up to certain limits. In order to qualify for this status, however, a nonprofit must register with the IRS, under section 501(c) of the tax code. See also: 403(b).


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If the law on non-profit organizations is to be changed, this will be done in a transparent and participatory manner, said chief analyst of President Bakiev's Secretariat Melis Junushaliev during today's press conference on the recently signed agreement on cooperation between the government and civil society organizations of Kyrgyzstan.
The school and college students make great donors; so approaching them with a good cause for the non-profit organization is definitely a brilliant idea.
Along with his experience in this field, he is also philanthropist well known for his contributions to various non-profit organizations as well as museums in the United States.
 
 
 
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