A nonprofit is a tax-exempt corporation that returns its net earnings to its mission. Learn about IRS rules for nonprofits.

This is not the case, because many non-profits are covered under different sections of the Internal Revenue Code. There are 32 different types or categories of nonprofits prescribed in the US ...

To obtain tax-exempt status, an NGO must apply to the U.S. Internal Revenue Service (IRS). Many types of NGOs are eligible. Non-profit NGOs are welcome to apply for exemption from federal income tax.

For instance, a food bank will report food donations as part of its revenue. Arts and culture, education, healthcare, human services and philanthropy are the most frequent types of nonprofits with ...