Abstract:This chapter describes the differences across the public, private, and nonprofit sectors. It reviews definitions of the nonprofit sector, distinguishing it from the public and private sectors, and exa...This chapter describes the differences across the public, private, and nonprofit sectors. It reviews definitions of the nonprofit sector, distinguishing it from the public and private sectors, and examining its primary sources of income. The chapter concludes by exploring how such knowledge of the sector can assist a fundraiser in developing his or her practice. It also describes a variety of ways of categorizing nonprofit organizations in the United States. The United States defines nonprofit organizations in tax law laid down by the Internal Revenue Service (IRS). The tax code lists some 30 different types of entity that can benefit from exemption from corporate income tax. The nonprofit sector contributed $905.9 billion to the gross domestic product (GDP) of the United States in 2015. Public charities are the largest category of tax- exempt nonprofits. Among all the sources of income, individual philanthropy is obviously the most important source for fundraisers to monitor.Read More
Publication Year: 2017
Publication Date: 2017-02-15
Language: en
Type: other
Indexed In: ['crossref']
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Cited By Count: 2
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