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 ?
"It will be run by the Qatar Foundation, a non-profit-making organisation set up in 1995 to promote innovative education and learning, and provide places for 1,800 children from pre-school to sixth-form." According to the daily, Sheikha Hind said that older students would study for the International Baccalaureate and the school would be similar to the network of academies already run by the foundation in Qatar.
Non-profit-making organisation Dimensions supports 41 people in the east of Cardiff to live in their own homes, access the community, work, study and live the life they choose.
They have a rent-free lease on the building, benefiting from legislation whereby landlords who let an empty building to a non-profit-making organisation qualify for an 80% reduction in the business rates owed to the local authority.
Acting in its capacity as trustee of The Jardine Foundation, a non-profit-making organisation, JMIS made the purchase on 11 June under the share repurchase guidelines agreed with the UK Listing Authority.
Six Townships is a non-profit-making organisation, based in Bedlington, which undertakes research into local hist ory.
Stockton Amateur Swimming Club is a non-profit-making organisation which is open to the whole community.
The workshop at the park's visitor centre will be run by Coombe Abbey Woodturners, a non-profit-making organisation whose members turn wood from trees into household and decorative items.
Mail-order books and tapes on coping with stress, from non-profit-making organisation. Send 26p SAE for details.
TOM Carroll, the Merseyside accountancy practice, has won the "exceptional customer care" section in the WOW Awards, a non-profit-making organisation dedicated to recognising the best in UK customer service.
JETS, which is funded by a percentage of jockeys' prize-money and a matched contribution from the Injured Jockeys' Fund, operates as a non-profit-making organisation with charitable objectives.
LINX is a non-profit-making organisation owned by over 115 Internet service providers from the UK, the US and continental Europe.
A non-profit-making organisation, it pays weekly sums if the policy-holder is off work after an accident.

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