what is a nonprofit organization mean
So you have heard the term before, but do you really know what a nonprofit organization is? There are legal definitions, including 26 types of nonprofits recognized by the IRS, and there are common perceptions of what people mean when they refer to an organization as nonprofit. Let's start with perceptions. A nonprofit is a tax-exempt organization that serves the public interest. In general, the purpose of this type of organization must be charitable, educational, scientific, religious or literary. This is a common and broad definition that fits the type of information likely to be found at this site.