A nonprofit organization (NPO, also known as a non-business entity) is an organization the purpose of which is something other than making a profit. A nonprofit organization is often dedicated to furthering a particular social cause or advocating for a particular point of view. In economic terms, a nonprofit organization uses its surplus revenues to further achieve its purpose or mission, rather than distributing its surplus income to the organization's shareholders (or equivalents) as profit or dividends. This is known as the distribution constraint. The decision to adopt a nonprofit legal structure is one that will often have taxation implications, particularly where the nonprofit seeks income tax exemption, charitable status and so on.

1 Member
Join Us!

You need to be a member of News Source Center to add comments!

Join News Source Center

Comments are closed.

By Johnny Liberty

Author's Note: This 30th Anniversary edition of the Sovereign’s Handbook has been released not only as a special print edition, but as an affordable eBook to assure maximum distribution of the ideas behind the life’s work and vision of Johnny Liberty. This important work is an idea whose time has come once again. Together, may we “Make America Great Again”.

The united states of America is at the front lines…

Read more…