Nonprofit

A nonprofit is an organization that operates for purposes other than generating profit. Its primary goal is to serve the public or a specific community need, often focusing on social, educational, charitable, or religious objectives. Nonprofits rely on donations, grants, and volunteers to support their activities, and any surplus revenue generated is reinvested back into the organization to further its mission rather than distributed to owners or shareholders. Nonprofits can take various forms, including charitable organizations, foundations, and advocacy groups, and they typically must adhere to specific regulations and tax requirements established by government authorities.