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Business Law

What Is a Nonprofit Organization?

By Andrew Wan January 20, 2025 | Business Law, What is

Nonprofit Organization

A nonprofit organization operates with the primary purpose of serving the needs of a social or public cause. Profits earned by the organization are typically invested back into the organization, rather than being distributed to shareholders. Examples of nonprofit organizations include hospitals, religious organizations, charities, universities, homeless shelters, soup kitchens, and more. Nonprofit organizations carry…

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