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What is a nonprofit corporation?

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2010-07-02 12:30:53
2010-07-02 12:30:53
  • A nonprofit corporation is an organization or company that gains money through sales and keeps 100% of the profit. Income and any surplus funds are not distributed to owners or shareholder, but are kept to be used in the company's activities.
  • A nonprofit corporation is one which exists to fulfill a charitable need in society. Nonprofits use money gained from donations and fund raising activities to help those in need or to support education and scientific research, fund advances in health care, promote conservation and responsible citizenship, protect animals and other worthwhile endeavors. Nonprofit corporations are subject to Internal Revenue Code 501(c)3, and most of the profits they generate are exempt from income taxes. Generally donations to nonprofits are tax deductible.
  • Non-profit organizations include charities, trade unions, and public foundations.
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Related Questions


The American Red Cross is a nonprofit corporation.

No, it is a for profit corporation.

A corporate structure for a charity is often a non-profitcorporation, indicating that the intention of the corporation is not to earn profit.Nonprofit organizations have a special beneficial tax status.

The rate of output for a nonprofit corporation is based on the number of people they are able to help. The number will vary depending on the amount of trained professionals the non profit organization has.

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The address of the Ogden Pioneer Heritage Foundation A Nonprofit Corporation is: Po Box 150092, Ogden, UT 84415-0092

A corporation such as Microsoft tries to make as much profit as possible where as a non profit Corporation such as a hospital isn't looking to make money

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The Commission on Presidential Debates, a nonprofit, nonpartisan corporation.

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How should depreciation be handled in a non profit budget?

Yes, they can. For instance, Mozilla foundation owns a for-profit Mozilla Corporation, which develops and markets the Firefox Browser for it.

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A 501(c)(3) corporation is a nonprofit organization that does not have to pay. I recommend you consult a tax lawyer who will be able to organise this best for you.

The electrical company is a profit corporation. Such a company will provide electrical services which may be difficult without a profit factor so it is almost impossible to have non-profit electrical company.

If it is a corporation, it can. Like all corporations, it cannot receive a discharge under Chapter 7. Most bankruptcy lawyers, if the corporation will not benefit from a Chapter 11, would probably not recommend bankruptcy for the corporation, but the organization should discuss this with an experienced local bankruptcy attorney.

A nonprofit corporation is set up under the laws of a particular state. There are 50 states in the United States of America. You should be able to get that information from the laws of your state. They should be available either in a law book or available on the internet.

It depends on what they do. Generally speaking, they earn about the same thing that someone performing a similar function in a for-profit corporation would make.

Nonprofit VOTE was created in 2005.

Not-for-profit corporations, formed under the nonprofit laws of their respective states, have members instead of stockholders. Any income made cannot be distributed to the members.

a contract with the state of Washington, forming a nonprofit corporation to finance and build a companion bridge to the existing Tacoma Narrows bridge.

Profit, they generate an excess income. Non-profit corporations rarely, if ever get as big as Coca-Cola

The Red Cross is a nonprofit organization.


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