Final answer:
A hospital is a nonprofit organization that provides charitable and educational services to improve people's lives by promoting health and delivering medical care. Nonprofit hospitals reinvest any profits to support healthcare services and often offer discounted or free care to underserved populations.
Step-by-step explanation:
A hospital is an example of a nonprofit organization because it is formed to provide charitable and educational services. Nonprofit organizations, like hospitals, are set up to benefit a cause or provide a service without the primary goal of making a profit. They typically have a mission aimed at improving people's lives or fulfilling a societal need, such as promoting health and providing medical care.
One key characteristic of nonprofit hospitals is that any profit they generate is reinvested into the organization to support the delivery of healthcare services to patients. Nonprofit hospitals often offer services to underserved populations and focus on providing access to high-quality care, regardless of patients' ability to pay.
For example, a nonprofit hospital may offer discounted or free healthcare services to low-income individuals or provide community outreach programs that educate the public about health and wellness. These organizations rely on community support, donations, and grants to fund their operations and fulfill their mission.