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 ?
CropLife Asia is a non-profit society and the regional organization of CropLife International, the voice of the global plant science industry.
He said that the humanitarian work of the society aims to provide assistance to those who deserve it inside the country, pointing out that the Kuwaiti Humanitarian Friendship Society is a charitable and non-profit society that cares about humanitarian projects.
Filscap is a non-stock, non-profit society of composers, lyricists, and music publishers in the Philippines responsible for granting music users the legal permission to publicly play, broadcast, or make available copyrighted musical compositions of its members.
SME Development Society of Bahrain is a non-profit society that assists entrepreneurs to grow in a business-friendly environment in order to be catalysts for socio-economic development in Bahrain.
Founded in 1998 by a group of enthusiasts, Pakistan Bonsai Society is a non-profit society of hobbyists who hold workshops on the first Saturday of each month.
Alwane, which means 'my colours' in Arabic, is a non-profit society enabling like-minded individuals to come together to share knowledge and experiences through a network of learning, knowledge and professional development.
MFRC is a non-profit society registered under the Alberta Society's Act and is also registered with Revenue Canada as a charitable organization and is the only local non-profit organization nationally mandated as the frontline service provider to Canadian military families.
Varghese, the zonal coordinator of women's wing of the church in the UAE, said the collected hair would be donated to Friends of Cancer Patients [FOCP], a non-profit Society, founded in 1999 under the directives and patronage of Shaikha Jawaher Bint Mohammad Al Qasimi, wife of His Highness Dr Shaikh Sultan Bin Mohammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah.
It is a non-profit society concerned with the development and education of the business community on the economic importance of licensing, protection of Intellectual Property Rights and technology transfer.
For the first time ever a non-profit society is raising funds to create a film that will tell the story of Julio Hancco, the Potato King of Peru.

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