What institution that functions much like a business but does not operate for the purpose of generating profits?

A nonprofit organization operates much like a business but does not prioritize generating profits. Instead, its primary goal is to serve a specific social cause or community need, such as education, healthcare, or environmental conservation. Nonprofits rely on donations, grants, and fundraising efforts to sustain their operations and fulfill their missions. While they may generate revenue through various activities, any surplus is reinvested into the organization rather than distributed to shareholders.