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Logo of the United Nations Children's Fund (UNICEF), an organization of the United Nations. A nonprofit organization (NPO), also known as a nonbusiness entity, [1] nonprofit institution, [2] or simply a nonprofit, [a] is a non-governmental (private) legal entity organized and operated for a collective, public or social benefit, as opposed to an entity that operates as a business aiming to ...
The State Laws are organized to initiate the non-profit process which is required by the Internal Revenue Service (IRS) to apply for non-profit status. Some States lack Laws that require non-profits that do not get approved for Federal tax exemption to amend their business type to for profit.
The predecessor of IRC 501(c)(6) was enacted as part of the Revenue Act of 1913 [88] likely due to a U.S. Chamber of Commerce request for an exemption for nonprofit "civic" and "commercial" organizations, which resulted in IRC 501(c)(4) for nonprofit "civic" organizations and IRC 501(c)(6) for nonprofit "commercially-oriented" organizations. [77]
A foundation (also referred to as a charitable foundation) is a type of nonprofit organization or charitable trust that usually provides funding and support to other charitable organizations through grants, while also potentially participating directly in charitable activities.
OpenAI was founded in 2015 as a nonprofit dedicated to the lofty goals of helping humanity build and use artificial intelligence safely—without worrying about making money.
Nonprofits in the city have a new chance for funding with the creation of the Forward Together Grant from Mayor Stephanie Terry's office. Evansville nonprofits could get money from city thanks to ...
[37] [38] A private nonprofit organization, GuideStar, provides information on 501(c)(3) organizations. [39] [40] ProPublica's Nonprofit Explorer provides copies of each organization's Form 990 and, for some organizations, audited financial statements. [41] Open990 is a searchable database of information about organizations over time. [42]
Ben Hasty/MediaNews Group/Reading Eagle via Getty ImagesThe Chronicle of Philanthropy has released a list of the nation’s 100 nonprofits that garnered the most funding through charitable ...