Not-for-profit (Noun)
Meaning
An organization chartered for other than profit-making activities.
Classification
Nouns denoting acts or actions.
Examples
- The Red Cross is a well-established not-for-profit organization that depends heavily on donations.
- A local not-for-profit was set up by a group of residents to help the homeless in their community.
- The not-for-profit group worked tirelessly to support victims of natural disasters.
- To qualify for tax-exempt status, the charity had to be registered as a not-for-profit entity.
- The hospital's not-for-profit status reflects its mission to prioritize healthcare over financial gain.