Non-profit organizations
Non-profit organizations are entities that operate for purposes other than making a profit. They focus on social, educational, charitable, or community goals, often relying on donations, grants, and volunteers to support their activities. Examples include charities, educational institutions, and environmental groups.
These organizations are typically tax-exempt, meaning they do not pay income tax on the money they receive. Non-profits must reinvest any surplus funds back into their mission rather than distributing profits to owners or shareholders. This structure allows them to prioritize their goals and serve the public interest effectively.