nonprofit sector
Mission-driven organizations collectively
The nonprofit sector encompasses organizations that operate for purposes other than generating profit for owners or shareholders, including charities, foundations, religious institutions, and advocacy groups.
Also called the third sector or voluntary sector, it sits alongside the public sector (government) and private sector (for-profit businesses).
Organizations in this space reinvest any surplus revenue back into their mission rather than distributing it to stakeholders.
She built her career in the nonprofit sector working on housing issues.
- donorsPeople who give gifts
- donationVoluntary charitable gift
- charityVoluntary aid for others
- good causeCharitable aim deserving support
- fundraisingSoliciting money for organizations
giving back · foundation · board of directors · mission statement · tax exemption · social enterprise · social impact · grantmaking · philanthropy · grant · beneficiaries · volunteers · volunteer hours · cooperative · public benefit · 501(c)(3) · civil society · advocacy group
- charitycharity, charities, donations, donation, donating
- sectorsfinancials, industrials, technology, materials, tech
- economiesmarket economy, command economy, mixed economy, barter economy, cash economy
- industriesbusiness, factories, education, health, supply chain
nonprofit sectorprivate sector
Economy outside government control
private enterprise · big business · free enterprise · capitalism · commerce
nonprofit sectorpublic sector
State-controlled economic portion
private sector · government · federal government · bureaucracy · civil service