The University of Medical Sciences Arizona is a non-profit institution whose key focus is to provide a charitable benefit to the community. On the other hand, a for-profit institution’s primary goal is to make a profit. The profit made by a business after paying its expenses and debts can be distributed to investor.
A non-profit institution is mainly funded through private endowments or grants. It’s key focus is to provide a charitable benefit to the community. Rather than take profits and distribute them to company stakeholders, any profits earned by the organization are reinvested in the nonprofit and used to further the institutions mission for the benefit of the community it serves.
