what does it mean to be a nonprofit
Nonprofit organization A nonprofit organization (NPO), also known as a non-business entity[1] or nonprofit institution,[2] is dedicated to furthering a particular social cause or advocating for a shared point of view. In economic terms, it is an organization that uses its surplus of the revenues to further achieve its ultimate objective, rather than distributing its income to the organization's shareholders, leaders, or members. Nonprofits are tax exempt or charitable, meaning they do not pay income tax on the money that they receive for their organization. They can operate in religious, scientific, research, or educational settings.
United Nations Development Programme The UNDP was founded on 22 November 1965 with the merging of the Expanded Programme of Technical Assistance (EPTA) and the Special Fund.[6] The rationale was to "avoid duplication of [their] activities". The EPTA was set up in 1949 to help the economic and political aspects of underdeveloped countries while the Special Fund was to enlarge the scope of UN technical assistance.[7] The Special Fund arose from the idea of a Special United Nations Fund for Economic Development (SUNFED) (which was initially called UNFED).