Glossary • Updated 2026
Nonprofit Corporation
Mission-driven corporation: Delaware exempts most from franchise tax but still requires the annual report.
In detail
State nonprofit status and federal 501(c) exemption are separate applications.
Delaware nonprofits file the annual report with a small fee, no franchise tax.
Unrelated business income stays taxable even for exempt orgs.
Where it matters
More definitions
Sources
- Cal. Rev. & Tax Code; 8 Del. C.; Wyo. Stat. Title 17; FTB/SOS glossaries