What is the primary goal of not-for-profit corporations?

The primary goal of not-for-profit corporations is to provide service to the community. Unlike for-profit organizations that focus on maximizing profits for shareholders, not-for-profits prioritize social goals and address various needs within their communities. These organizations often reinvest any surplus revenues back into their programs and services, aiming to enhance their impact rather than distribute profits.

This commitment to community service can manifest in various forms, such as providing healthcare, education, or social services, which is integral to their mission. Not-for-profits may also rely on grants, donations, and fundraising efforts to support their activities, emphasizing their dedication to serving the public good rather than financial gain.