Nonprofit
Chiefly a US term. Nonprofit means a mission-led organization that does not distribute profits to owners. In Australia the usual term is not-for-profit, and DGR status is separate from ACNC charity registration.
Chiefly a US term. A nonprofit is a mission-led organization that does not distribute profits to owners.
In Australia the usual term is not-for-profit. If the organisation is a charity, ACNC registration is one question and DGR endorsement for tax-deductible gifts is another. A US page saying “nonprofit” can collapse legal steps that stay separate in Australian practice.
Related: Tax-deductible donation.
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