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 nonprofit organization categories such as charitable, educational, scientific, literary, or religious. Business organizations work closely with nonprofit organizations (frequently referred to simply as “nonprofits”), as they strive to fulfill their corporate social responsibilities with careful attention to their philanthropy and community relations. Business and society relationships are greatly enhanced when businesses think of nonprofits as legitimate and important stakeholders. Nonprofit organizations are part of what is called the nonprofit sector, and there are many different types of nonprofits with varying characteristics. There are a number of different social causes represented by nonprofit organizations, and the three vital stages of nonprofits ...