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What Is a Nonprofit Organization? A nonprofit organization is an entity that is created and operated for charitable or socially beneficial purposes rather than to make a profit.
A nonprofit operates for the betterment of the public and the community at large. Unlike for-profit organizations, nonprofits do not aim to generate profits for owners.
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. A nonprofit organization is subject to ...
What is a Nonprofit Organization? A nonprofit organization or foundation (NPO), also known as a non-business entity, not-for-profit organization, or nonprofit institution, is dedicated to furthering a particular social cause or advocating for a shared point of view.
Nonprofit organization, an organization, typically dedicated to pursuing mission-oriented goals through the collective actions of citizens, that is not formed and organized so as to generate a profit.
The term “nonprofit” means different things to many different people. It’s a commonly used word without a common understanding between writer and reader. People often use the words “nonprofit” and “tax exempt” interchangeably. Congress has created almost three dozen types of tax-exempt organizations in different sections of the ...
Five different types of nonprofits include 501(c)(3) charitable nonprofits, 501(c)(2) title-holding trust corporations, 501(c)(4) community welfare organizations, 501(c)(19) veterans...