- This topic has 5 replies, 6 voices, and was last updated 7 years, 10 months ago by
.
-
Posts
-
meaning:
A organisation established solely for providing a service ,not for making a profit.
Non profit organisation uses its surplus revenues to further achieve its purpose or mission, rather than distributing its surplus income to the organisation shareholders as profits or dividends. This is also known as distribution constraints.
A nonprofit organization is a business granted tax-exempt status by the Internal Revenue Service (IRS).
Nonprofit organizations are sometimes called NPO s or 501(c)(3) organizations based on the section of the tax code that permits them to operate.A not-for-profit organization (NFPO) are known more specifically as nonprofits, charities, non-governmental organizations (NGOs), civil society organizations (CSOs) and private voluntary organizations (PVOs).
It is sometimes more accurate to use the term “not-for-profit” to place emphasis on the organization having the defining criterion of an intention to provide goods and services without seeking profits for private gain.
- You must be logged in to reply to this topic.
