Nonprofit Organization (NPO)

A Nonprofit Organization (NPO) is a group that operates without the primary goal of making a profit. Instead, it aims to serve a specific mission, such as helping the community, advancing education, or promoting a particular cause. NPOs rely on donations, grants, and volunteers to fund their activities. Any surplus funds generated are reinvested in the organization's mission rather than distributed to owners or shareholders. Examples include charities, educational institutions, and hospitals. NPOs play a vital role in addressing social issues and enhancing the well-being of communities.