non-profit ownership
Non-profit ownership refers to organizations that operate without the goal of making a profit for owners or shareholders. Instead, any surplus revenue is reinvested into the organization's mission, which often focuses on social, educational, or charitable purposes. Non-profits are typically governed by a board of directors and must adhere to specific regulations to maintain their tax-exempt status.
These organizations can take various forms, including charities, foundations, and community organizations. They rely on funding from donations, grants, and sometimes service fees to support their activities. Non-profits play a crucial role in addressing societal needs and providing services that may not be met by the private or public sectors.