nonprofit
nonprofit Lexical Profile
nonprofit Game Scores & Validity
• adjective
Not established or conducted primarily to make a financial profit; operating for a public, educational, or charitable purpose.
"She accepted a position as the communications director at a nonprofit medical research foundation."
• noun
An organization or institution established and operated for a public, educational, or charitable purpose rather than to generate financial gain for owners or shareholders.
"Local nonprofits collaborated with the city council to provide affordable housing and job training."
Word Nuance & Usage
While 'nonprofit' and 'not-for-profit' are often used interchangeably in everyday speech, in legal and accounting contexts a 'nonprofit' typically refers to an incorporated organization formed to serve a broad public benefit, whereas a 'not-for-profit' often refers to a smaller group or club that serves its own members rather than the general public.