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 ?
The Non Profit Incorporated Organisations Law introduces a new regime for non-profit organisations whose purpose is to support the growth and development of the financial services sector in the DIFC.
Federal government transfers to the core non profit organizations increased while the provincial shares declined.
The local chamber of commerce lists 65 non profit organizations in the area, each welcoming volunteer manpower.
AHCA is a federation of affiliated state organizations representing nearly 12,000 non profit and for-profit assisted living, nursing facility and subacute care providers.
An independent living center is a community-based non profit, non-residential program which is controlled by the disabled consumers it serves, provides directly or coordinates indirectly through referral those services which assist severely disabled individuals to increase personal self-determination and to minimize unnecessary dependence upon others.
* Short-term contracting arrangements that are undermining and fragmenting the capacity of non profit organizations and the communities they serve.
Habitat for Humanity is a non profit, ecumenical organization that seeks to eliminate poverty housing and to create decent and affordable housing for working families in need.
* Personal care provided to children, such as diapering, rest and meals (6.9% higher scores in non profit centres);
When Worlds Collide: Implications of International Trade and Investment Agreements for Non Profit Social Services, a report prepared by Canadian Labour Congress Senior Economist Andrew Jackson and CCPA Research Associate Matt Sanger, says safeguards for the non-profit sector tend to apply only to sectors which do not include any for-profit actors.
"Get involved with non profits and you will find that a lot of people in this industry--Rose, Tishman, Benenson, Weiler, Rudin--all of them are all as well know for their civic and charitable work as they are for their real estate endeavors."
She stated that most non profits have been in business for over 50 years and their needs are growing.
Non profits will face future competition from government and for profit sectors as the baby boom generation retires.

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