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Non-Profit
Non-Profit
A non-profit is a tax-exempt (501c3) organization. A nonprofit may derive income by selling products or services but its primary goal is to support a mission rather than to create a profit for investors.
Overview

Non-profits are tax-exempt organizations, also called 501c3 or charitable organizations by the US Internal Revenue Service. They are organized around a mission (rather than around making a profit) but may deliver goods or services in order to be self-supporting. Although msot schools are nonprofits, we are not including them in this topic. Similarly, although foundations are another type of nonprofit, we are recognizing them here as a separate topic.


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