Nonprofits use earnings to further missions, not individual gains; they enjoy federal tax exemptions. The IRS categorizes multiple nonprofit types under 501(c), with 501(c)(3) being the most common.

Learn how nonprofit accounting works, which financial records and IRS filings you need and how to track donations, grants and ...

Most people are familiar with the terms nonprofits, not-for-profits, and for-profits—but do you know how each type of organization operates? While their differences may seem straightforward, each ...