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 ?
It specialises in accounting, audit, and federal, state and local tax planning and compliance for privately-held businesses and not-for-profit organisations across all industries.
NORTH East charity Changing Lives is celebrating after being announced as one of the Best Not-For-Profit organisations to work for in the UK.
He said: "The sum of PS144 is an outrageous fee to charge to not-for-profit organisations genuinely trying to improve the lives of residents.
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.
It is the only college in the North East to make The Sunday Times Best Not-for-Profit Organisations to Work For 2012 survey and is one of 10 North East regional organisations to feature.
Coast & Country is one of only two from the North-east to feature in the Sunday Times Top 100 Not-for-Profit Organisations to Work For.
A NEW Teesside company is helping not-for-profit organisations all over the UK to raise their profiles and generate more revenue for free, thanks to the support of a Middlesbrough-based digital venture.
The firm offers specialist and technical expertise to owner-managed businesses and larger corporates, not-for-profit organisations, pension funds, professional practices and private clients.