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Janie started a business called Making Memories with Music. She recognized that music, socialization, and memory-challenging activities for senior citizens helped maintain their cognitive skills for longer periods of time. Though she strives for a financial gain, she uses the excess funds for enriching her programs instead of a personal profit. Making Memories with Music is best classified as a(n) ______ organization.

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Janie's business "Making Memories with Music" can best be classified as a non-profit organization as it is focused on providing a social benefit rather than profitability for the owners.

Characteristics of a non-profit organization

Its main objective is to generate social and collective benefits for the public in a locality, and the financial income is used for reinvestment in the business and not for distribution to the owners.

Therefore, non-profit organizations have the advantage of being exempt from federal income taxes and contributing to social development in several areas.

Find out more about non-profit organization here:

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