Eagle Spirit Health LLC Serves the Heart of Humanity
ESH is a “Not for Profit” Organization, does not have a 501(c)(3) at this time and Does accept donation here
A “not-for-profit” organization, also known as a nonprofit, is an entity that operates for a public or social benefit, rather than to generate profit for owners, and any surplus revenue is reinvested into the organization’s mission.
Here’s a more detailed explanation:
- Purpose:Not-for-profit organizations are established to serve a specific purpose or mission, such as charitable, educational, religious, or scientific endeavors.
- Non-Distribution Constraint:A key characteristic of a not-for-profit is that any revenues exceeding expenses must be used to further the organization’s mission, not distributed to private parties or owners.
- Funding:Not-for-profits typically rely on funding from donations, grants, membership fees, and fundraising events, rather than generating revenue through the sale of goods or services.
- Tax Status:Many not-for-profit organizations qualify for tax-exempt status, meaning they are not required to pay taxes on their income, and donations to them may be tax-deductible.
- Examples:Examples of not-for-profit organizations include charities, foundations, educational institutions, religious organizations, hospitals, and social clubs.
- Not-for-Profit vs. Nonprofit:While the terms are often used interchangeably, “not-for-profit” is a broader term that can encompass organizations that serve their members’ interests, while “nonprofit” typically refers to organizations that serve the public good
