Nonprofit Organization
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Nonprofit Organization Definition
An organization whose primary objective is to support some issue or matter of private interest or public concern for non-commercial purposes. Nonprofits generally do not operate to generate profit, and this characteristic is popularly considered to be the defining characterisitic of such organizations. However, a non-profit organization may accept, hold and disburse money and other things of value. It may also legally and ethically trade at a profit. The extent to which it can generate income may be constrained, or the use of those profits may be restricted.
Nonprofit Organization Synonyms
Nonprofit Organization, NPO, Non-profit, Nonprofit, Nonprofit Group, Not for Profit Organization
Terms in Nonprofit Organization category
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