A Not-For-Profit Organization, also known as a nonprofit, is an organization in which no stockholder or trustee shares in profits or losses. These organizations usually exist to accomplish charitable, humanitarian, or educational purposes.
A not-for-profit organization (NFP) is an entity formed for purposes other than generating a profit and where no part of the organization's income is distributed to its members, directors, or officers.
An organization that provides goods or services with a policy that no individual or group will share in any profits; where a surplus is generated, this must be used to further the goals of the organization. Examples are charities, political organizations, housing associations, and educational institutions.
Public Benefit Entity (PBE) refers to a type of not-for-profit organization that exists primarily for social, educational, charitable, or other public benefits rather than for profit generation. These entities are driven by goals that focus on public good.
A public benefit entity (PBE), also known as a not-for-profit organization, refers to an entity whose primary objective is to provide goods or services for community or societal benefits rather than for profit.
