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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 legal entity organized and operated for a collective, public or social benefit, as opposed to an entity that operates as a business aiming to generate a profit for its owners.
While not-for-profit organizations and non-profit organizations (NPO) are distinct legal entities, the terms are sometimes used interchangeably. [3] An NFPO must be differentiated from a NPO as they are not formed explicitly for the public good as an NPO must be, and NFPOs are considered "recreational organizations", meaning that they do not ...
Since 2008, most organizations whose annual gross receipts are less than $50,000 must file an annual information return known as Form 990-N. [12] [f] Form 990-N must be submitted electronically using an authorized IRS e-file provider. Form 990, Form 990-EZ, and Form 990-PF may be filed either by mail or electronically through an authorized e ...
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 ...
Alice and Sheryl Cooper – co-founded Alice Cooper's Solid Rock Foundation, a non-profit supporting teenagers. Alisher Usmanov – business-magnate, philanthropist, FIE President, founder of Art, science and sport foundation. Alagappa Chettiar – notable for work on Indian education. Anne-Françoise de Fougeret (1745-1813) – French ...
Charitable organization or charity, a non-profit organization whose primary objectives are philanthropy and social well-being of persons; Charity (practice), the practice of being benevolent, giving and sharing; Charity (Christian virtue), the Christian religious concept of unlimited love and kindness
A mutual-benefit nonprofit corporation or membership corporation, in the United States, is a type of nonprofit corporation chartered by a state government that exists to serve its members in ways other than obtaining and distributing profits to them. Therefore, it cannot obtain IRS 501(c)(3) non-profit status as a charitable organization. [4] [5]
By contrast, certain other nonprofit organizations are not considered non-partisan: 501(c)(4) organizations, which are tax-exempt, are operated exclusively for promoting social welfare, or local organizations with membership limited to a particular company, municipality, or neighborhood, and which devote their earnings to charity, education, or recreation. [9]