A non-profit is an organization that operates to serve a public or social cause rather than to generate profits for owners or shareholders. Any revenue earned is reinvested into its mission rather than distributed as income. Non-profits can focus on various areas, including education, healthcare, environmental conservation, and social services. They often rely on donations, grants, and fundraising efforts to support their work and may qualify for tax-exempt status, meaning they are not required to pay certain taxes if they meet specific legal requirements.
What is a non-profit?
