What is Non Profit Organisation
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A nonprofit organization, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a profit for its owners.
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It is a type of organisations which do not gain profits for its owners, instead all the amount of money they earn as donation is utilised in pursuing objectives of it and in keeping it running. Typically these non-profit seeking organisations are under the non-profit sector and are tax-exempt charities or other types of public service organisations.
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