What do you understand by Not for Profit Organization (NPO)?

Not for Profit Organizations (NPOs) are also often referred to as

• Voluntary Organizations,
• Civil Society Organizations 
• Non-Governmental Organizations 
• Non-Profit Organizations
• Charities, and
• Other similar terms

The requirement to register under a statute may apply to all charities and humanitarian agencies.

Non Profit Organizations includes entities that:

1) are registered under the Associations Registration Act, 2034 (1977) or other appropriate Act with objectives that are carrying out social, religious, charitable, philanthropic and communities contribution activities. These registered organizations are generally affiliated with the Social Welfare Council for different social or communities or philanthropic activities in the jurisdiction of Nepal and hence those entities are known as NGOs, clubs, Ethnical Institutions, Political Institutions, Scientific Institutions, religious institutions, Cultural Charitable Institutions, Philanthropic Institutions.

2) are registered outside the jurisdiction of Nepal (International Not for profit Organization (INPO) or charitable institutions) who have signed general agreements and project/program agreement with Social Welfare Council or taking other necessary permit where necessary to operate for social communities or governmental non-profit activities or non-revenue generating activities.

3) that come into existence in the jurisdiction of Nepal following the bilateral agreements with the Government of Nepal for carrying out various programs or project activities without any revenue-generating or profit-making activities.

Above is definition was officially published by Nepal Accounting Standard Board of Nepal.