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Nonprofit organizations, also called not for profit organizations, are privately held entities that don't provide financial benefits for their members or stakeholders. In other words, they are privately incorporated groups with a charitable purpose of not profiting from the activities they carry. Not-for-profit organizations are types of organizations that do not earn profits for its owners. All of the money earned by or donated to a not-for-profit organization is used in pursuing the organization's objectives and keeping it running. There are also nonprofit corporations known as non-stock corporations
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