Editing Nonprofit organization (section)

===Tax exemption===
In many countries, nonprofits may apply for [[tax-exempt]] status, so that the organization itself may be exempt from income tax and other taxes. In the United States, to be exempt from federal income taxes, the organization must meet the requirements set forth in the [[Internal Revenue Code]] (IRC). Granting nonprofit status is done by the state, while granting tax-exempt designation (such as IRC [[501(c)]]) is granted by the federal government via the IRS. This means that not all nonprofits are eligible to be tax-exempt.<ref>{{cite web |url=https://www.irs.gov/Charities-&-Non-Profits/Frequently-Asked-Questions-About-Applying-for-Tax-Exemption |title=Applying for Exemption – Difference Between Nonprofit and Tax-Exempt Status |publisher=Internal Revenue Service |access-date=18 October 2012 |url-status=dead |archive-url=https://web.archive.org/web/20121016211718/http://www.irs.gov/Charities-%26-Non-Profits/Frequently-Asked-Questions-About-Applying-for-Tax-Exemption |archive-date=16 October 2012 }}</ref> For example, employees of non-profit organizations pay taxes from their salaries, which they receive according to the laws of the country. NPOs use the model of a [[double bottom line]] in that furthering their cause is more important than making a profit, though both are needed to ensure the organization's sustainability.<ref>The Nonprofit Handbook: Everything You Need to Know to Start and Run Your Nonprofit Organization (Paperback), Gary M. Grobman, White Hat Communications, 2008.</ref><ref>{{cite web|url=http://oxforddictionaries.com/definition/english/not-for-profit?q=not-for-profit+|title=not-for-profit – definition of not-for-profit in English from the Oxford dictionary|access-date=14 May 2015|archive-date=20 March 2021|archive-url=https://web.archive.org/web/20210320102702/https://languages.oup.com/|url-status=live}}</ref> An advantage of nonprofits registered in the UK is that they benefit from some reliefs and exemptions. Charities and nonprofits are exempt from Corporation Tax as well as the trustees being exempt from Income Tax.<ref>{{Cite web|last=UK|first=Government|date=12 October 2020|title=Charities and tax|url=https://www.gov.uk/charities-and-tax}}</ref> There may also be tax relief available for charitable giving, via Gift Aid, monetary donations, and legacies.<ref>{{Cite web|last=Plus|first=Accountants|date=4 July 2024|title=Charity Accountants|url=https://www.accountantsplus.net/charity-accountants/}}</ref>