Non-profit organizations, more commonly known as NPOs, are organizations that do not distribute their surplus funds to shareholders or owners, but instead use them to pursue their goals and shared objectives. Trade associations, charitable organizations, trade unions, etc are some types of non-profit organizations in Prescott. Non-profit organizations work for the betterment of the people of a community by providing them educational, health and medical support, and taking care of issues of immediate concern.
Many non-profit organizations in Prescott are exempted from taxation. They enjoy certain tax privileges also. Non-profit organizations in Prescott are not privately owned, but have members or controlling boards, who cannot benefit personally by selling shares, or by any other underhand means.