Nonprofit

A nonprofit organization, or non-profit organization, is a type of organization that is established for charitable, educational, religious, or other public benefit purposes. Nonprofit organizations are not operated for the profit or personal gain of their members, directors, or officers, and any profits or surplus funds that they generate are typically used to further their charitable or public benefit objectives. Nonprofit organizations are exempt from certain taxes and regulations, and they may be eligible for certain grants and other forms of public or private funding. Nonprofit organizations are typically governed by a board of directors or trustees, and they may be organized as corporations, trusts, or other legal entities. Examples of nonprofit organizations include charities, schools, hospitals, and religious organizations.