Keyword Analysis & Research: non profit status meaning dictionary

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What is the meaning of non profit?

non·​prof·​it | ˌnän-ˈprä-fət . : not conducted or maintained for the purpose of making a profit a nonprofit organization a nonprofit research center.

What is a social nonprofit organization?

The term is meant to describe a nonprofit organization not operating primarily to make a profit. Instead it an organization whose mission focuses on furthering a social cause or a shared goal or mission.

What can cause a nonprofit corporation to lose its nonprofit status?

An excessive salary, however, may cause a corporation to lose its nonprofit status. Nonprofit corporations are exempt from the income taxes that affect other corporations but only if they conduct business exclusively for the benefit of the general public.

What is a not-for-profit organization?

A not-for-profit organization (NFPO) is a widely based term that encompasses all organizations that are known more specifically as nonprofits, charities, non-governmental organizations (NGOs), civil society organizations (CSOs) and private voluntary organizations (PVOs).

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