not-for-profit

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Thân thiện
not-for-profit

A local not-for-profit organizes a community garden.

Definition
  1. 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-for-profit" is used to describe the legal and operational status of an organization. It emphasizes that the organization's purpose is not financial gain.
  • It is often used interchangeably with "nonprofit" or "non-profit organization (NPO)" in general contexts, though specific legal definitions can vary by jurisdiction.
Examples
  • Noun:
    • The local animal shelter is a not-for-profit that relies on donations and volunteers.
    • She decided to work for a not-for-profit dedicated to environmental education.
    • Donations to registered not-for-profits are often tax-deductible.
Advanced Usage
  • "To operate on a not-for-profit basis": Describes the fundamental principle of an organization's financial model.
    • The community theater operates on a not-for-profit basis, using all ticket revenue to fund future productions.
Variants and Related Words
  • Nonprofit (or non-profit) (noun/adjective): A very common synonym for "not-for-profit" organization.
    • The museum is a nonprofit institution.
  • Charity (noun): A type of not-for-profit organization focused on philanthropic goals and aid.
  • NGO (Non-Governmental Organization) (noun): A type of not-for-profit organization that is independent from government, often operating internationally.
Synonyms
  • Nonprofit organization (NPO)
  • Charitable organization
  • Mission-driven organization
Related Phrases
  • Tax-exempt status: A legal designation often granted to qualified not-for-profit organizations, relieving them from certain taxes.
    • The foundation applied for tax-exempt status as a public not-for-profit.
  • 501(c)(3) organization: A specific category of tax-exempt not-for-profit in the United States (e.g., charitable, religious, educational).
    • Many U.S. charities are registered as 501(c)(3) not-for-profits.
not-for-profit

A local not-for-profit organizes a community garden.

Noun
  1. an organization chartered for other than profit-making activities

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