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Nonprofit types breakdown (Subsectors (Arts, culture, and humanities…
Nonprofit types breakdown
It's part of three sectors
Government
Gets money through taxes
Nonprofit
Have missions, an ideal they reach for, both can do charity work, community governance, both earn money
However in a nonprofit...
There are no shareholders
And they are tax exempt
Which requires transparency and they are held accountable
Innovative with less loss
However in a for-profit...
For profits get revenue through services, not donations
Forprofit
Subsectors
Arts, culture, and humanities
Kentucky Bluegrass Association, Museums
Education
Ex. KHAN ACADEMY
Environment and animal welfare
Ex. PETA (People for the Ethical Treatment of Animals)
Health
Ex. Red Cross
Human services
Ex. National Industries for the Blind, Peace Corps
International and foreign affairs
Ex. Doctors Without Borders
Religious institutions
Civil society
Institutions (laws, norms, and values of society), ideas, and actions (common interests, associations, and citizen initiatives)
Or ideas and action (common interests, association, citizen initiatives), institutions (laws, norms, values, and customs), and organizations (formal and informal, outside market and state
Quid pro quo nonprofit logic
Collective
Selective
This logic suggests that nonprofits should receive freedom from taxes because they provide benefits to society
Labels
Third sector
No obvious difference, it doesn't say what specifically sets it apart from for-profit and government
Independent sector
Self regulating name implies that the other sectors are somehow dependent
Voluntary sector
Volunteers coming together to work toward a mission
Brings attention to one of the things that makes nonprofits different from for-profits
However it;s very restrictive with just volunteers, most nonprofits have full time people
Charitable sector
Provides charitable services directly to intended audience
Philanthropic sector
Sector concerned with humankind, expressed through giving of time or money
Social sector
Focused on concern for society, on improving social conditions
Explains what it's focused on buy not what it is (nonprofit, non-governmental) which can be seen as a positive but it's such a big term which can mean formal social organizations and also informal collectives working for social purposes
Nongovernmental sector
Serves a mission but is not governmental with the aim to keep private nonprofits separate from government interference
All of this is regulated by the IRS (Internal Revenue Service) and the NTEE (National Taxonomy of Exempt Entities)
