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What do the following organizations have in common—the Ford Foundation, the Carnegie Endowment for International Peace, National Organization for Women, U.S. Chamber of Commerce, American Red Cross, and the YMCA? They are all nonprofit organizations. Nonprofit organizations may be generally defined as tax-exempt organizations created for the purpose of serving the public interest. The public interest may be reflected in categories such as charitable, educational, scientific, literary, or religious.

Nonprofit Sector

Nonprofit organizations, taken collectively, are referred to as part of the nonprofit sector. This is a general name given to the institutions and organizations in society that are not businesses or governments. The nonprofit sector is sometimes referred to by other names, such as the not-for-profit sector, the independent sector, the third sector, the philanthropic sector, ...

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