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 ?
A supporting organization qualifies as a public charity and thus avoids the excise tax regime to which a private foundation is subject (Sec.
A company seeking to establish an employer-sponsored public charity to assist employees affected by Hurricane Harvey as well as future disasters or other hardships can set up a charity and begin collecting contributions in as little as a single day.
Prime Healthcare Foundation, a 501(c)3 public charity based in Ontario, CA with a mission of providing quality, compassionate healthcare for all, is affiliated with Prime Healthcare.
The Morgan Leary Vaughan Fund (Morgan's Fund) is an all-volunteer, public charity dedicated to Necrotizing Enterocolitis (NEC).
If one of the principal purposes of your organization is to grant scholarships, different rules likely govern based upon your organization's status as a private foundation or public charity. There are specific guidelines that an organization must follow if granting scholarships, particularly if the organization is a private foundation related to a corporate entity (i.e., a for-profit camp).
The award honours Clay Walker for his humanitarian efforts, both through the 'Band Against MS' not-for-profit public charity committed to providing educational information for those living with multiple sclerosis, and his work with the Military Warriors Support Foundation.
a public charity, (47) (2) "selfish" lobbying (i.e., lobbying
Instead of requesting a determination of its public charity or private foundation status in its application for recognition of tax-exempt status, an organization will qualify as a publicly supported organization (and thus a public charity) in its first five years if it can show in its application that it reasonably expects to receive the requisite level of public support during that period.
Canstruction[R] Long Island is celebrating its new status as an all-volunteer recognized 501(c)(3) public charity with a record number of firms participating in the design/build competition to benefit Long Island Cares, Inc., The Harry Chapin Food Bank.
"We plan to dissolve as a public charity, after final disbursement of funds has been completed, the Daily Star quoted her rep as saying.
The FCI, founded in 1991 in Minnesota, is a public charity and non-profit organization, 501 (c)(3), with no political or religious affiliation.
Nonprofit organizations in the area of health and human services (see Table 1) represented 29 percent of the 975,777 public charity nonprofits registered in April 2009 (NCCS, 2009).

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