Not-for-Profit Organization
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A Not-for-Profit Organization is an organization entity that does not make profit.
- Context:
- It can range from being a Not-for-Profit Private Organization (such as a civil society organization) to being a Governmental Organization.
- It can range from being a Local Not-for-Profit Organization, to being a National Not-for-Profit Organization, to being an International Not-for-Profit Organization.
- It can be funded through donations, grants, and membership fees, rather than through selling equity or distributing profits.
- It can (typically) reinvest any surplus revenues to achieve its mission rather than distributing them as dividends or profits.
- ...
- Example(s):
- a Professional Organization, such as:
- Institute of Electrical and Electronics Engineers (IEEE), which advances technology for humanity.
- American Medical Association (AMA), which promotes the art and science of medicine and the betterment of public health.
- an International Aid Organization, such as:
- Doctors Without Borders, providing medical aid where it's needed most.
- Amnesty International, focusing on human rights advocacy worldwide.
- a Humanitarian Organization, such as:
- UNICEF, which works across 190 countries and territories to reach the world's most disadvantaged children.
- GiveDirectly, focusing on sending cash directly to the poor.
- a Animal Rights Organization, such as:
- Peta, advocating for the rights of animals.
- a Community Organization, such as:
- Hayes Valley Neighborhood Association, which works to improve the quality of life in the Hayes Valley.
- a Nonprofit Advocacy Group, such as:
- Coalition to Stop Gun Violence (CSGV), advocating for policy changes related to gun control.
- a National Not-for-Profit Organization, such as:
- Canadian Red Cross, focusing on disaster relief and community health services in Canada.
- ...
- a Professional Organization, such as:
- Counter-Example(s):
- See: Volunteer Organization, Community, Political Organization.