Not-for-profit (NFP) organisations are organisations that provide services to the community and do not operate to make a profit for its members (or shareholders, if applicable). A few examples are childcare centres, art centres, neighbourhood associations, medical centres and sports clubs.
All profits must go back into the services the organisation provides and must not be distributed to members, even if the organisation winds up.
If you're running an NFP organisation, there may be concessions you can claim but you may need to register your organisation first. Your NFP organisation may also have to register for taxes such as GST, FBT and PAYG withholding, depending on the type of organisation and how it operates.
Learn about tax on funding and grants, receiving gifts, and the difference between volunteers and employees.
If you need help, phone the Not-for-profit infoline on 1300 130 248.
Find out about:
- Types of NFP organisations
- Registering your organisation
- Paying tax on funding and grants
- Receiving gifts
- Do you have volunteers or employees?
- Getting help
- Super for employers
- Not-for profit: Getting started
- Non-profit news service
- Important tax matters for Indigenous corporations