The Legal Definition of Nonprofit

Legal Definition of Nonprofit: To engage in an activity without intent to make a profit | Learn about the legal definition of a nonprofit organization and its benefits. Nonprofits engage in activities without the primary goal of making a profit, instead focusing on serving the public or a specific cause. Discover various examples of nonprofit organizations, such as charities, educational institutions, and religious organizations. Being a nonprofit brings advantages like tax exemptions and access to grants and funding opportunities. Understand the importance of nonprofits in addressing societal needs and making a lasting impact