tax-exempt organization

noun

Meaning

A non-profit entity that qualifies for federal or state income tax exemption due to its charitable, religious, educational, or scientific purpose.

Examples

The museum operates as a tax-exempt organization to ensure all donations directly support its art conservation programs.
Before applying for grants, the startup verified its status as a tax-exempt organization with the government.

Synonyms: non-profit, charity, 501(c)(3)

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tax-exempt organization

noun

Pronunciation: /tæks ɪɡˈzɛmpt ˌɔːrɡənaɪˈzeɪʃən/

Definition

A non-profit entity that qualifies for federal or state income tax exemption due to its charitable, religious, educational, or scientific purpose.

Examples

The museum operates as a tax-exempt organization to ensure all donations directly support its art conservation programs.
Before applying for grants, the startup verified its status as a tax-exempt organization with the government.

Synonyms of tax-exempt organization

Words with a similar meaning to tax-exempt organization:

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