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    Nonprofit

    /nɒnˈprɒfɪt/

    Meaning & Definition

    noun
    A nonprofit organization is one that is not intended to make a profit and uses its surplus revenues to further achieve its purpose or mission.
    The local animal shelter is a nonprofit dedicated to rescuing and caring for abandoned pets.
    A type of organization where profits are not distributed to owners or shareholders but are used to support the organization's objectives.
    She works for a nonprofit that focuses on providing educational resources to underprivileged communities.
    An organization that operates for a purpose other than making a profit, typically in the fields of charity, education, or social services.
    The nonprofit received a grant to fund their community health programs.
    adjective
    Relating to an organization that does not operate for the purpose of profit.
    She volunteers at a nonprofit organization that provides legal aid to those in need.
    Describing activities or initiatives that aim to benefit the public or a specific community without generating profit.
    They hosted a nonprofit event to raise funds for disaster relief efforts.
    Pertaining to entities whose goals are not financial gain but rather social, educational, or charitable outcomes.
    The nonprofit sector plays a crucial role in addressing issues such as poverty and health care.

    Etymology

    The term 'nonprofit' combines 'non-' meaning 'not' and 'profit', relating to the financial gain.

    Common Phrases and Expressions

    nonprofit sector
    The part of the economy concerned with organizations that are not driven by profit.
    nonprofit organization
    An organization that operates for a purpose other than making a profit.
    nonprofit status
    A designation given to organizations that meet specific criteria set by governing authorities.

    Related Words

    charity
    An organization set up to provide help and raise money for those in need.
    foundation
    An institution set up to provide financial support for charitable purposes.
    volunteer
    A person who freely offers to take part in an activity, particularly in a nonprofit context.

    Slang Meanings

    Nonprofit rockstars
    People who work tirelessly to support a cause are often referred to as nonprofit rockstars.
    Doing good
    Many young professionals seek jobs in nonprofit sectors because they want to be doing good.