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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.

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Nonprofit organization

A nonprofit organization, also known as a not-for-profit organization, is an entity that operates to fulfill a specific purpose or mission, rather than to generate profit for its owners or shareholders.

Public good (economics)

In economics, a public good (also referred to as a social good or collective good) is a good that is both non-excludable and non-rivalrous.