Nonprofit

A nonprofit organization is a type of entity that operates to serve a specific social, educational, charitable, or community purpose rather than to make a profit for owners or shareholders. Instead of distributing earnings, any surplus revenue is reinvested into the organization to further its mission. Examples include charities, educational institutions, and health organizations. Nonprofits often rely on donations, grants, and volunteers for support, and they typically benefit from tax-exempt status, allowing more resources to go directly toward their goals. Their primary focus is on creating positive impact rather than generating financial gain.