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- 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 might serve religious, scientific, charitable, educational, literary, health, or animal welfare purposes.
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Jun 14, 2024 · 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. In the United States a nonprofit organization is legally delineated from firms in the for-profit.
- Renee Irvin
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Mar 3, 2024 · 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.
- Will Kenton
The one common condition is not paying out profits (“no part of the organization’s net earnings can inure to the benefit of any private shareholder or individual”); hence the term, “nonprofit.”
A nonprofit organization (NPO), also known as a nonbusiness entity or nonprofit institution, and casually referred to simply as a nonprofit (using the adjective as a noun), 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 ...
Jan 30, 2023 · 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.
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. [2]
A non-profit organization is a group organized for purposes other than generating profit and in which no part of the organization's income is distributed to its members, directors, or officers. Non-profit corporations are often termed "non-stock corporations."
