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 ?
This report provides details of the latest Academic and Non-Profit agreements announced in the life sciences since 2014.
This change is also seen by the applicants in terms of strengthening ownership in non-profit housing.
The opening of the CCV Center last year marked a point where we were able to help that many more, as evidenced by the growth of non-profits who have been working with us since then."
The lawyers' group said the SEC memo threatens the existence of non-profit organizations and disrupts their advocacies.
Now, with Boosterville team member Jill Turcic, they join Beyond to continue to develop their non-profit technology.
In the past, charities and non-profit groups relied heavily on savvy fund-raising experts and boldface names to promote their causes.
All of the non-profits will now receive long-term leases at the Armory with rents at a fraction of the market rate, ensuring they can have permanent homes and continue serving residents of Crown Heights and Central Brooklyn for many years to come.
(Those religious schools registered as non-stock, non-profit. Do we even believe them?
And the growth of licensing in non-traditional categories, such as food/beverage, has been a boon for non-profits. As one of the first property types to thrive in licensed consumables, the increased proliferation of feel-good, wellness-geared products and retailers' expansion of grocery spaces means that non-profit brands can bank on their historical cachet.
Editors Potocan, Cngan, and Nedelko present readers with a handbook of collected research focused on managerial best practices in the non-profit sector.
The article, Performance Management in the Third Sector: A Literature-Based Analysis of Terms and Definitions, introduces to us the inconsistencies in terminology on performance evaluation facing non-profits. In the competition for scarce resources, non-profit organizations have embraced the importance of accounting for every dollar.
Banc of California (NYSE: BANC) has expanded its commercial bank by launching specialized segments focused on healthcare, municipals and non-profit banking, the company said.