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 ?
It is clear and unmistakable from the aforequoted constitutional provision that non-stock, non-profit educational institutions are constitutionally exempt from tax on all revenues derived in pursuance of their purpose as an educational institution and used actually, directly and exclusively for educational purposes.
The article, Non-Profit accountability in least developed nations: lessons learned from West Africa, by Gregory A.
When it comes to general perceptions visavis professionals employed in the sector, employees of non-profit organisations are perceived to be more 'mission-driven' by 91.
For three quarters of the region's population though, job opportunities with non-profits are hard to find, it said.
Many mainstream 20th century organizations are non-profit, such as the Boy Scouts, YMCA, United Way and charity groups.
With non-profit event planning, organizing ideas and deployment goals early in the process is critical - six-months is too short a time to plan a successful event.
non-profit law practitioners became involved in the drafting process when it got wind of the overhaul effort.
Given that a non-profit reuse sales facility is much more amenable to volunteer labor than deconstruction activities, the reuse-sales-only organizations potentially make greater use of volunteer labor, which is not accounted for in the FTE accounting.
The estimates include the replacement value of volunteer labour, and is approximately $14 billion for the core non-profit organizations.
Sekulow's use of non-profits to enrich himself and his family does not sit well with some of his associates.
In the wake of Hurricane Katrina, there is a heightened interest in non-profit news, giving and volunteerism.
It has also a major impact on the non-profit sector changing what Sanger describes as the very soul of voluntarism.