What Types of Nonprofits Are There? Different Types of Nonprofits

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  • 501 Tax-Exempt Statuses:

Five different types of nonprofits include 501(c)(3) charitable nonprofits, 501(c)(2) title-holding trust corporations, 501(c)(4) community welfare organizations, 501(c)(19) veterans organizations, and 501(c)(6) civic league organizations. However, in all, there are dozens of different tax-exempt designations for nonprofits.

  • Common Nonprofit Types:

In the US, the IRS registers quite a few different types of nonprofits, each with its organization and rules. What are the different types of 501(c) organizations, among others?
Public charities, foundations, social advocacy groups, and trade organizations are common types of nonprofit organization. Any profits generated by these organizations are not distributed to shareholders or owners.

  • Main Types of Nonprofits:

There are two main types of nonprofits: nonprofit organization (NPO) and not-for-profit organization. The 5 Main Types of Nonprofits are: 501(c)(3) – Charitable Organizations, 501(c)(6) – Business Improvement Organizations, 501(c)(4) – Civic Leagues and Social Welfare Organizations, 501(c)(7) – Social and Recreational Clubs, 501(c)(19) – Veterans Organizations. Within the 501(c)(3) there are five additional types of charities: Private foundations, 509(a)(1), Churches and Religious Organizations, Public Charities, and Private Operating Foundations.

Types of Nonprofit Organizations:

  • Nonprofits exist to fulfill a social cause, and aim to make revenue to further their mission and cover operational costs. Tax-exempt organizations are incorporated nonprofits that have applied for tax-exemption with the federal government.

  • Technically, under 501(c) code there are: nonprofit organization (NPO) serving the public through goods and services, and non-profit organization (NFPO) serving one group of members. 5 Nonprofit Organizations: American Heart Association, Animal Legal Defense Fund, Wikimedia Foundation, Federal Credit Unions, Business Improvement Organizations.

Dissolving a Nonprofit:

  • The process for dissolving a nonprofit organization in Utah is: Notify the Utah Attorney General’s Office of the intent to dissolve, Provide the Attorney General’s Office with Articles of Incorporation and the most recent financial statement, Attorney General’s Office will review documents and provide a Certificate of Dissolution if in order, File Certificate of Dissolution with the Utah Division of Corporations, Once the Division of Corporations receives a Certificate of Dissolution, the nonprofit will be officially dissolved.

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