Category non-profit

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Wikis > Category non-profit

A Non-Profit is an organization that seeks to accomplish a specific social benefit. A non-profit can range between an informal group of volunteers pursuing a mission in their local community or a formal corporation that employs tens to hundreds of paid employees. Utilizing the non-profit business model is an effective way to fuse your desire to address a social need while still earning a living. If a non-profit is registered with the state as a corporation and meets the other necessary criteria, they can file for federal tax exemption as a 501(c)(3) Tax-Exempt Organization. While a non-profit cannot measure its success on financial numbers alone, financial health is necessary for the organization to continue to operate. As a non-profit does not earn income through traditional sales, they are particularly dependent on Fundraising and grants.