- exempt organization
- An organization that is either partially or completely exempt from Federal income taxation. I.R.C. No. 501.
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.
exempt organization
Look at other dictionaries:
exempt organization — An organization that is either partially or completely exempt from Federal income taxation. I.R.C. No. 501. See charitable organizations … Black's law dictionary
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Nonprofit organization — (abbreviated as NPO) is neither a legal or technical definition but generally refers to an organization that uses surplus revenues to achieve its goals, rather than distributing them as profit or dividends. States in the United States defer to… … Wikipedia
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