A non-profit business, also known as a non-profit organization or not-for-profit organization, is an organization that does not distribute its surplus funds to owners or shareholders, but instead uses them to further its social, charitable, or educational mission.
Non-profit businesses play a vital role in society by providing essential services that would not otherwise be available. They are often involved in areas such as healthcare, education, social services, and the arts. Non-profit businesses can be funded by a variety of sources, including government grants, donations from individuals and corporations, and earned income from their activities.
