Nonprofit organizations are entities which are involved in social causes in fields like education, religion, scientific research, social work, etc. These organizations use the surplus earned in revenue to further invest in their cause thereby not paying dividends to its investors or shareholders. The money earned is invested right back into the organization for better and wider delivery of benefits to the public at large.
The nonprofit organizations for all intent and purposes are focused on furthering their cause of helping the public at large in their respective fields and are not run for earning a profit. The major focus is on serving the public and it is to the public at large, the recipients, the volunteers, the donors, etc. Who invest their time money and faith into the organization hoping to do some good for the community and the society at large.
Learn How to increase transparency in Nonprofit Organizations(NGO)