nonprofit
Pronunciation: [nɒnˈprɒfɪt]
Word
Context: "organization"
(noun) a type of organization that does not make money for itself. Instead, it helps people or causes without trying to earn a profit, like charities or foundations.
Example
The nonprofit helps families in need by providing food and shelter.
Example
The company is not a nonprofit; it aims to make profit for its owners.
Example
What nonprofit organizations are working in our community?
Context: "business structure"
(adjective) describing an organization that doesn't aim to make money for owners or shareholders. It focuses on helping others or supporting a cause instead.
Example
The nonprofit events raised a lot of money for education programs.
Example
The nonprofit organization cannot distribute its earnings to anyone as profit.
Example
Is this charity a nonprofit organization or a business?
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