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An organization established for charitable, humanitarian, or educational purposes that is exempt from some taxes and in which no one in profits or losses.

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).


A not-for-profit organization pays taxes and may make a profit, but those profits are not distributed to its owners or members.

Private clubs, sports organizations, political organizations, and advocacy groups are examples of not-for-profit institutions. Contributions to these not-for-profits are not tax deductible.

Until it became a publicly traded company in 2006, the New York Stock Exchange was a not-for-profit membership association.

References in periodicals archive ?
Dual Pinnacle winners included McDougall Communications (digital marketing not-for-profit and B2B integrated marketing campaign for-profit); Dixon Schwabl (in the not-for-profit categories of most improved tactic and social media initiative); WordRapp (for-profit categories of influencer marketing and B2C integrated marketing campaign); CaterTrax (for-profit categories of website and small budget campaign); and MCC (in not-for-profit online advertising and B2C integrated marketing campaign).
"You're not just looking for bodies," said Olson, who is based in Oregon and is director of not-for-profit consulting for Clark Nuber.
The mean difference in Clinical Signs of Neglect Scale scores was higher among patients living in not-for-profit facilities (P = 0.012) and among patients in for-profit facilities (P ≤ 0.001) compared with low-functioning, community-dwelling patients.
A 2016 study by health economists at John Hopkins University found that 7 of the 10 most profitable hospitals in the United States are not-for-profit hospitals (Health Affairs, May 2016).
In an email to staff, Mr Blair said: "I want now to concentrate the vast bulk of my time on the not-for-profit work which we do."
The current economic climate has been characterized by increased risk and uncertainty for all entities, and not-for-profit organizations are less distinct from for-profit businesses in this respect than ever before.
Ostensibly, this threshold level is to exempt smaller not-for-profits.
The campaign is part of a strategy to help increase investment in the not-for-profit sector from the current estimate of [euro]500m to [euro]800m by 2016 to create jobs and improve services.
Using the new not-for-profit accounting and bookkeeping services offered by KNEG in Vero Beach and throughout the Treasure Coast of Florida, organizations can secure their tax-exempt status.
Gateshead College has been named among Britain's 100 Best Not-for-Profit Organisations to Work For, after its commitment to its employees achieved national recognition.
The Illinois General Assembly has amended the General Not-For-Profit Corporation Act of 1986, requiring not-for-profit corporations to inform their employees by written notice or in their employment contract that they are not eligible for unemployment insurance benefits.