nonprofit

/nɑnˈprɑfɪt/
noun
  1. An organization that operates without the goal of making a profit, typically for charitable, educational, or social purposes.
    • The nonprofit relies on volunteers to run its food bank.
    • After retiring, she started a nonprofit to protect the environment.
    • He donated a large sum of money to a local nonprofit that supports education.
adjective
  1. Not intended to make a profit; describing an organization that uses its income to further its mission rather than distribute it to owners or shareholders.
    • Many nonprofit hospitals provide free care to low-income patients.
    • The museum is a nonprofit institution funded by donations.
    • She works for a nonprofit organization that helps homeless animals.
Antonyms
What does "nonprofit" mean? | whatsthatwordmean | whatsthatwordmean