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 ?
A NORTH East college has been named one of the best not-for-profit organisations for the third year in a row.
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.
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.
Social Enterprise Search in South Bank aims to promote and connect all not-for-profit organisations throughout the UK.
It provides free internet marketing and networking opportunities so that not-for-profit organisations can more effectively raise awareness about what they do.
Sheila Robinson is a director of Social Enterprise Search and wanted to launch this type of venture because of the lack of effective, free online presence for not-for-profit organisations.