Non-profit organization

A non-profit organization (sometimes abbreviated to "not-for-profit," "non-profit" or "NPO") is an organization whose primary objective is to support some issue or matter of private interest or public concern for non-commercial purposes. Non-profits may be involved in an innummerable range of areas relating to the arts, charities, education, politics, religion, research, or some other endeavour.

Related Topics:
Abbreviated - Organization

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Although non-profits do not operate to generate profit, they still need to generate revenue in order to finance their activities. However, the extent to which non-profits may generate income may be constrained, or the use of such income may be restricted. Non-profits are therefore typically funded by donations from the private or public sector. Private donations may sometimes be tax deductible.

Related Topics:
Profit - Revenue - Finance - Income - Funded - Donations - Private - Public sector - Tax deductible

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A charity is a type of non-profit organization, and some non-governmental organizations may also be non-profit organizations.

Related Topics:
Charity - Non-governmental organization

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