not-for-profit

Found in Anh - Anh (Wordnet)

Definition Noun : An organization chartered for other than profit-making activities : A legal entity, such as a charity, foundation, or association, whose primary goal is to support a social cause, provide a public benefit, or advance a mission, rather than to generate profit for owners or shareholders. Any surplus revenue is reinvested into the organization's objectives. Usage The term "not-fo...