Nonprofit Organization

A nonprofit organization is a group that works to serve a specific cause or improve the community without aiming to make a profit for owners or shareholders. Instead of distributing profits, all money they raise is reinvested into their mission, such as providing education, healthcare, or environmental protection. Nonprofits often rely on donations, grants, and volunteers to operate. They are structured to focus on public or social benefits, and they often have tax-exempt status, meaning they don’t pay taxes on their income. Their primary goal is to make a positive impact rather than generate financial gain.