Non profit organization (NPO),
Definition of Non profit organization (NPO):
Associations, charities, co-operatives and other voluntary organizations set up to promote cultural, educational, religious, professional or charitable causes. Initial funding is provided by members, directors or other individuals who do not expect a return and who do not participate in the organization's gains or losses that are sustained or absorbed. Involved, registered or unregistered non-profit organizations generally benefit from tax breaks and contributions are usually tax deductible. Most non-governmental organizations (NGOs) are non-profit organizations. Also known as a non-profit organization.
How to use Non profit organization (NPO) in a sentence?
- She wants to work for a non-profit organization because she believes people will work equally in their business relationships.
- Unlike many other companies, nonprofits can continue to employ inputs without pay and enjoy a variety of tax benefits.
- After the disaster, many people donated to the Red Cross, a non-profit organization that helps people for free.
Meaning of Non profit organization (NPO) & Non profit organization (NPO) Definition