Not-for-profit organization

A not-for-profit or non-for-profit organization (NFPO) is a legal entity that does not distribute surplus funds to its members and is formed to fulfill specific objectives. An NFPO does not earn profit for its owners, as any revenue generated by its activities must be put back into the organization.
While not-for-profit organizations and non-profit organizations are distinct legal entities, the terms are sometimes used interchangeably. An NFPO must be differentiated from a non-profit organization (NPO) as it may not be formed explicitly for the public good as an NPO must be, and NFPOs are considered "recreational organizations", meaning that they do not operate with the goal of generating revenue as opposed to NPOs.
Category:Not-for-profit
Category:Organization