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 ?
Meanwhile, the Securities and Exchange Commission of Pakistan, under which the not-for-profit companies were hitherto registered under section 42 of the Companies Ordinance of 1984, was also amended.
The firms, not-for-profit companies, said that the partnership could serve as a model for other health insurance programmes in the state.
Another recommendation was exempting not-for-profit endowment companies from paying the Islamic tax, zakat, as a mechanism to promote such companies in light of the the desire of many local businesses to become not-for-profit companies so they can better serve society through business projects of an endowment nature.
He said: "Our offering is now amongst the best available for UK charities and other not-for-profit companies, and the launch of a dedicated brand in ThirdSector-Protect is testament to our commitment to the sector."
Prior to joining DJK Residential, Vitale established and ran Welcome Home NY Realty, Inc., a brokerage firm that assisted various not-for-profit companies with relocation services and managed a portfolio of multi-trait buildings.
Despite speculation, the Carbon Trust and the Energy Saving Trust were not on yesterday's list, but they are not-for-profit companies rather than quangos.
There are categories in the Business Excellence Awards for small, medium, large and not-for-profit companies and organization.
Clothes Aid is among not-for-profit companies which ship cast-offs out of the country to raise cash for charities such as Great Ormond Street and Make A Wish.
Upon my retirement nearly four years ago, I joined several boards of public and private companies, now serving on three public company boards, as well as those of a number of privately held and not-for-profit companies.
Ms Craven is a specialist in advising social enterprises and not-for-profit companies.
They come in all shapes and sizes and as for-profit and not-for-profit companies.
But perhaps the spam library might come in handy for some not-for-profit companies willing to give consumers free anti-spam software for their help.