dido:public:ra:xapend:xapend.a_glossary:n:non-profit
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dido:public:ra:xapend:xapend.a_glossary:n:non-profit [2021/08/09 13:07] murphy |
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| ===== Non-Profit Organization (NPO) ===== | ===== Non-Profit Organization (NPO) ===== | ||
| - | [[dido:public:ra:xapend:xapend.a_glossary| Return to Glossary ]] | + | [[dido:public:ra:xapend:xapend.a_glossary:start| Return to Glossary ]] |
| A **Non-Profit Organization (NPO)**, also known as a **Non-Business Entity**, **Not-For-Profit Organization**, or **Nonprofit Institution**, is a legal entity organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a profit for its owners. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. A wide array of organizations are nonprofit, including most political organizations, schools, business associations, churches, social clubs, and consumer cooperatives. Nonprofit entities generally seek approval from governments to be tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit entity without securing tax-exempt status. | A **Non-Profit Organization (NPO)**, also known as a **Non-Business Entity**, **Not-For-Profit Organization**, or **Nonprofit Institution**, is a legal entity organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a profit for its owners. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. A wide array of organizations are nonprofit, including most political organizations, schools, business associations, churches, social clubs, and consumer cooperatives. Nonprofit entities generally seek approval from governments to be tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit entity without securing tax-exempt status. | ||
dido/public/ra/xapend/xapend.a_glossary/n/non-profit.1628528867.txt.gz · Last modified: 2021/08/09 13:07 by murphy
