nonprofit organization
A nonprofit organization is a type of group that operates to serve a specific cause or community rather than to make a profit. These organizations often focus on areas like education, healthcare, or environmental protection. They rely on donations, grants, and volunteers to support their activities and help those in need.
Unlike businesses that aim to generate profits for owners or shareholders, a nonprofit reinvests any surplus funds back into its mission. This means that every dollar earned goes toward programs and services that benefit the community, making a positive impact on society as a whole.