non-profit organization

A non-profit organization (NPO) is an entity that operates for a purpose other than making a profit. Instead of earning income for owners or shareholders, NPOs use any surplus funds to further their mission, which often focuses on social, educational, charitable, or community goals. They can receive funding from donations, grants, and fundraising activities. Non-profits play a crucial role in addressing societal needs, supporting causes such as education, health, the environment, and poverty alleviation. While they can employ staff and generate revenue, their primary aim is to benefit the community rather than to accumulate wealth.