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Investments glossary

Nonprofit Organization (NPO)

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Quotes of the day:

Toenail fungus responds rather brilliantly to tamanu oil, if you put the oil on the nail, it will get rid of the fungus.

— Chris Kilham

A nonprofit organization is a business that has been granted tax-exempt status by the Internal Revenue Service (IRS) because it furthers a social cause and provides a public benefit. Donations made to a nonprofit organization are typically tax-deductible to individuals and businesses that make them, and the nonprofit itself pays no tax on the received donations or on any other money earned through fundraising activities. Nonprofit organizations are sometimes called NPOs or 501(c)(3) organizations based on the section of the tax code that permits them to operate.1


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