A nonprofit organization is a term used to describe an organization that operates for a social cause or a charitable purpose rather than for profit. Some alternative terms for nonprofit organizations include charitable organizations, not-for-profit organizations, tax-exempt organizations, voluntary organizations, and social welfare organizations. These organizations focus on providing services and assistance in areas such as education, healthcare, social services, and the environment. Nonprofits operate on donations, grants, and funds from fundraising events. They are governed by a board of directors and are subject to strict regulations to maintain their nonprofit status. Any surplus of funds is reinvested into the organization to further their mission and goals.