Nonprofits

Nonprofits

A nonprofit, or non-profit organization, is a legal and tax status designation for an entity that operates for purposes other than making a profit for its owners or shareholders. Nonprofits are typically formed to pursue specific social, cultural, educational, religious, or charitable missions. These organizations may provide services, advocate for causes, or contribute to the well-being of communities without the primary goal of generating financial profit. Nonprofits often rely on donations, grants, and fundraising activities to fund their operations and fulfill their missions. The surplus funds, if any, are directed back into the organization to support its objectives rather than distributed to individuals or owners. Nonprofits play a crucial role in addressing societal needs and contributing to the betterment of communities.