Nonprofit Organizations

Kathleen A. Carroll

Chapter 7 in Property Rights and Managerial Decisions in For-profit, Nonprofit, and Public Organizations, 2004, pp 93-107 from Palgrave Macmillan

Abstract: Abstract Nonprofit organizations, sometimes referred to simply as nonprofits, provide a variety of goods and services to the public. For my purpose here a nonprofit organization is defined by two criteria. First, a nonprofit organization is a private organization and is not part of any government or public sector bureau or agency. Second, a nonprofit organization is a legally prohibited from distributing any earned residual (that is, profit) to any individual or group connected to the organization. This restriction is sometimes referred to as a nondistribution constraint. Nonprofit organizations that meet these two criteria and which provide a charitable or social service may be classified as 501(c)3 or 501(c)4 nonprofits according to the US tax code.

Keywords: Nonprofit Organization; Nonprofit Sector; Bounded Rationality; Umbrella Organization; Public Sector Organization (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-4809-0_7

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DOI: 10.1057/9781403948090_7

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