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Nonprofit Organization
A nonprofit organization (US and UK), or not-for-profit organisation (UK and others), often called an NPO or simply a nonprofit and non-commercial organization, often called an NCO, is 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 the IRS designation conferred under United States Internal Revenue Code Section 501(c), when the IRS deems an organization eligible.
