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nonprofit

adjective

  1. not engaged in making a profit
L37905 on Wikidata ↗

noun

  1. type of organization
L37906 on Wikidata ↗

Wiktionary

adj

Etymology: Etymology tree English non- English profit English nonprofit From non- + profit.

  1. Not seeking to produce a profit (a financial gain).

    Here in New York, plush rehabilitation centers literally canvass for big-paying clients whose insurance will cover the average $11,000 to $14,000 cost for a month's treatment. Meanwhile, there are only 12,000 non-profit treatment beds in the state for a conservatively estimated 350,000 addicts.

    Gathering the application and my records , and summoning up as much courage as I could , I set out to complete the IRS application for a private, nonprofit agency.

noun

Etymology: Etymology tree English non- English profit English nonprofit From non- + profit.

  1. Ellipsis of nonprofit organization (“an organization that exists for reasons other than to make a profit, such as a charitable, educational or service organization”).

    Historically, companies have viewed nonprofits primarily as recipients of their philanthropy – usually in the form of cash and product donations, as well as employee volunteers, in exchange for a boost to their reputations or stronger relationships with local stakeholders.

    The people who made millions or billions from these companies are now changing yet another sector of the American economy: philanthropy. They’re forcing nonprofits to become incubators and disruptors, rather than just service providers, and to think about how they sell themselves, how they measure what they do, and what programs will attract money.