By definition, nonprofit organizations serve the public interest and are therefore exempt from federal income taxes. Activities such as volunteerism and helping the poor and disadvantaged date back to the dawn of civilization, and are still a driving force in societies around the world to this day.
The individual purposes of these nonprofit organizations vary widely, from charitable endeavours to specific religious, educational, scientific or literary purposes, and even the prevention of cruelty to animals or children. But the industry as a whole is undoubtedly of vital importance for vast swathes of society. What’s more, it provides countless opportunities to reach widespread audiences on altruistic terms.
