What is "not-for-profit" status?

ARMA International and its chapters and regions are classified by the U.S. International Revenue Service as 501(c)(6) not-for-profit organizations. As such, they are liable for paying state/local sales tax.  ARMA is NOT considered a non-profit organization, which would be exempt from paying sales tax on any purchases. (The ARMA International Educational Foundation, however, is a non-profit organization.)

A not-for-profit organization’s primary goal is to fulfill the needs of its members, rather than produce profits for owner/investors. It does not mean the organization should not make a profit. It can and should produce a surplus of revenues over expenses – the surpluses must be used to enhance the position of the organization and its mission.

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