Nonprofits

Nonprofits are organizations established to pursue a specific mission that benefits the public, rather than to make a profit. They can focus on a variety of causes, such as education, health, environmental protection, or social justice. Any surplus income is reinvested into the organization’s programs and services rather than distributed to owners or shareholders. Nonprofits often rely on funding from donations, grants, and fundraising events. They usually operate under specific regulations and can have tax-exempt status, meaning they don’t pay certain taxes, enabling them to allocate more resources to their initiatives.