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Nonprofit organization. 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.
Not-for-profit organization. A not-for-profit or non-for-profit organization ( NFPO) is a legal entity that does not distribute surplus funds to its members and is formed to fulfill specific objectives. [ 1] An NFPO does not earn profit for its owners, as any revenue generated by its activities must be put back into the organization.
501 (c) (3) organization. A 501 (c) (3) organization is a United States corporation, trust, unincorporated association or other type of organization exempt from federal income tax under section 501 (c) (3) of Title 26 of the United States Code. It is one of the 29 types of 501 (c) nonprofit organizations [ 1] in the US.
According to the UN, an NGO is a private, not-for-profit organization which is independent of government control and is not merely an opposition political party. [ 65] The rapid development of the non-governmental sector occurred in Western countries as a result of the restructuring of the welfare state.
Foundation (nonprofit) 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. Foundations encompass public charitable ...
t. e. United States non-profit laws relate to taxation, the special problems of an organization which does not have profit as its primary motivation, and prevention of charitable fraud. Some non-profit organizations can broadly be described as "charities" — like the American Red Cross. Some are strictly for the private benefit of the members ...
Since 2007, a San Francisco-based non-profit called the One Percent Foundation has focused on convincing people–especially young adults–that every dollar they give matters. Now the group is ...
Corporate social responsibility. Employees of a leasing firm taking time off their regular jobs to build a house for Habitat for Humanity, a non-profit that builds homes for needy families using volunteers. Corporate social responsibility ( CSR) or corporate social impact is a form of international private business self-regulation [ 1] which ...