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).
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

non-profit organization

an organization which attempts to achieve an objective other than profit, for example, a charity.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
They have set an example for all business houses around the world by donating at least 50% of their profits every month to different non profit organizations. The company chooses a new non profit every month to provide financial assistance to them.
The company has been operating with the mission of creating awareness amongst present generation women towards building support for non profit organizations. Talking about her company's extraordinary charitable mission, the owner of the company Ms.
Federal government transfers to the core non profit organizations increased while the provincial shares declined.
It also presents the recommendations of the AICPA Single Audit Working Group for the conduct of audits in accordance with the Single Audit Act Amendments of 1996 (the Single Audit Act) and Office of Management and Budget (OMB) Circular A-133, Audits et States, Local Governments, and Non Profit Organizations (Circular A-133).
The local chamber of commerce lists 65 non profit organizations in the area, each welcoming volunteer manpower.
* Short-term contracting arrangements that are undermining and fragmenting the capacity of non profit organizations and the communities they serve.

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