nonprofit corporation
Tax-exempt business entity
A nonprofit corporation is a legal entity organized for purposes other than generating profit for owners or shareholders.
The organization may earn revenue, but that money must be reinvested in the mission rather than distributed to individuals.
Nonprofits typically pursue charitable, educational, religious, or social welfare goals: She founded a nonprofit corporation to provide legal aid to immigrants.
Many qualify for tax-exempt status.
- donorsPeople who give gifts
- grantsAwarded funds for purposes
- charterFounding organizational document
- bylawsOrganization's internal regulations
- philanthropyGenerous giving for others
social impact · beneficiaries · fiduciary duty · 501(c)(3) · fundraising · charity event · giving back · good cause · advocacy · grassroots organizing · financial audits · outreach · volunteers · public service · tax-exempt status · sponsorships · compliance · board of directors
- business entitiesLLC, sole proprietorship, partnership, company, subsidiary
nonprofit corporationcommercial enterprise
Profit-seeking organization
private enterprise · private company · privately held company · hedge fund · venture capital firm
nonprofit corporationgrassroots movement
Citizen-led collective action campaign
nonprofit, corporation, profit, profits, profitable, profitability, profitably, unprofitable, profiting