not for profit

/nɑt fər ˈprɑfɪt/
noun
  1. An organization that does not operate for profit, typically for charitable or educational purposes.
    • He donated his old books to a not-for-profit that supports literacy.
    • The local not-for-profit raised money for a new community center.
    • Not-for-profits rely on volunteers and donations to operate.
adjective
  1. Describing an organization that does not aim to make money, but instead uses its funds for a social or charitable purpose.
    • The school is run as a not-for-profit, so all tuition goes back into education.
    • She works for a not-for-profit organization that helps homeless animals.
    • Many not-for-profit hospitals provide free care to low-income patients.
What does "not for profit" mean? | whatsthatwordmean | whatsthatwordmean