| Corporation incorporated for businesses engaged in | | | | serve public interests for non-commercial purposes. |
| charitable, religious, scientific or educational activities | | | | These issues fall into a broad classification of religion, |
| profiting for the betterment of the society is defined as | | | | research, art, charity, education or even politics. They |
| non profit corporations. | | | | do have to generate revenues to for their operations |
| No part of the income or profit is distributed among the | | | | which have primarily got from the public or private |
| officers or the directors, other than for legal business | | | | donors. These donations are tax exemptible by the |
| purpose or for any other promotional purpose of the | | | | state laws. It is mandatory for the non profit |
| corporation. The income is tax exempted by the state | | | | corporation to utilize their revenues, since all these |
| of Nevada and is used for non profitable goals of the | | | | expenses are to serve in the public interest. |
| organization. | | | | The general perception of Nevada non profit |
| The incorporation of the non profit corporation | | | | corporation is a relatively small organization working for |
| subjects to the complete tax exemptions rules. The | | | | altruistic purposes. Local food banks, orphanages, |
| corporation may have any number of directors, who | | | | disaster relief operation teams clinics are a few |
| need not be the resident citizens of the Nevada state; | | | | examples of these organizations. They usually have |
| they have the provision to appoint a resident agent to | | | | dedicated low paid managers and unpaid volunteers. |
| handle the functioning of the non profit corporation. | | | | Major universities and hospitals also can be non-profit |
| Transactions held outside the state too is subjected to | | | | organizations. In addition to these organizations there |
| complete tax deduction as the governing laws that are | | | | are also government funded non- profit organizations. If |
| applicable to the non profit corporation is the state law | | | | you are contributing to a Nevada non-profit |
| of which it is incorporated. | | | | corporation, think beyond the tax deduction and know |
| Nevada non profit corporation's primary purpose is to | | | | where your money is going. |