Not for profit ORGANIZATIONS

Non-profit organization

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A nonprofit organization (abbreviated NPO, also not-for-profit) is an organization that does not distribute its surplus funds to owners or shareholders, but instead uses them to help pursue its goals. Examples of NPOs include charities, trade unions, and public arts organizations. Most governments and government agencies meet this definition, but in most countries they are considered a separate type of organization and not counted as NPOs.

Contents  [hide] 1 Non-profit distinction 2 Nature and goals 3 Legal aspects 3.1 Formation and structure 3.2 Tax exemption 3.3 United States 3.4 Canada 3.5 India 3.6 United Kingdom 4 Issues faced by NPOs 5 Examples 6 On the Internet 7 Other terminology for the sector 8 See also 9 External links 10 References