non-profit organization

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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).

non-profit organization

an organization which attempts to achieve an objective other than profit, for example, a charity.
References in periodicals archive ?
TFP is a registered independent non-profit company and its mission is to recruit, train, and support outstanding Pakistani university graduates and young professionals to commit to a paid teaching fellowship for two years in under-served schools and communities across Pakistan, and become leaders in the effort to expand educational opportunity for children throughout the country.
Under the approved transition plan, the IMO will be incorporated as a non-profit company which is independent of the government and industry participants.
Currently, Lo is a member of the board of directors of Benetech, the Software for Social Good non-profit company, as well as Nominum Inc, a software security company.
ICANN is a non-profit company with participants from around the world whose mission is to create a secure and unified global internet network.
Contract award notice: K1802 Municipal Public Space Maintenance Non-Profit Company Limited Waste Utilization Works Improving the refractory masonry of K1-K4 boilers operating in operation.
Medica is a non-profit company that provides health care coverage in the employer, individual, Medicaid and Medicare markets in the US Midwest.
Aik Hunar Aik Nagar (AHAN), a non-profit company working under Ministry of Industries and Production has launched the project titled as 'Improved livelihoods through creative industries in Pakistan.
Half of that amount will be used for providing vocational training - through the bank's non-profit company, ICICI Foundation - to the youth from economically weaker sections, in electrical & home appliance repair, refrigeration & AC repair, two & three wheel service technician, selling skills and office administration.
Families, members of the public and entertainers flooded into residential homes throughout the district to celebrate all that is good about residential care, with Drayton Court, run by non-profit company WCS Care, staging a rock 'n' roll themed day with an Elvis impersonator, stalls, games and an American diner.
The training was jointly launched by AHAN (Aik Hunar Aik Nagar), a non-profit company working under Ministry of Industries & Production, United Nations High Commission for Refugees (UNHCR) & Commissioner Afghan Refugees Peshawar (CAR) and Refugee Affected Hosting Areas (RAHA).
Osvalda and Mariangelo Lampertico, who have been residents of Oman for the past 19 years, have established a non-profit company along the Mekong River in Vientiane, the capital city of Laos.
If today, there is a liquidation of the company, even if it is a non-profit company, the whole money will go to Sonia Gandhi and Rahul Gandhi.