What Are Nonprofit Organizations

Decent Essays
Nonprofit Organization A nonprofit organization can be described as an organization known to be a business entity that has been granted tax-exempt status by the Internal Revenue Service (IRS). Nonprofit organizations rely on those individuals who care about the cause they are supporting. For individuals who donate those donations are nine times out of ten tax-deductible. A Nonprofit organization relies on their donors to also volunteer to support their events and lend helping hands. Nonprofit organizations want to maintain a strong financial and cash position at all times. Nonprofit organizations that have adequate cash can do two critical things which are as follows; survive crises and take advantage of opportunities. For nonprofit organizations
Get Access