Tax exempt status may be awarded to a non-profit organisation (NPO) that solely or primarily undertakes public benefit activities with a philanthropic or altruistic intent.
An NPO that has been granted tax exempt status (commonly referred to as a public benefit organisation or PBO) is generally exempt from income tax. Certain approved PBOs may also
You are both. And neither. The charitable sector is peppered with acronyms whose correct usage is not always fully appreciated. This naturally leads to confusion.
The common acronyms are:
NPO: non-profit organisation/not-for-profit organisation
NGO: non-governmental organisation
PBO: public benefit organisation
NPC: non-profit company
When a not-for-profit entity asks ‘What am I?’ the answer can only