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non profit organization

 

Definitions from the Web

Non Profit Organization

Description:

A non-profit organization refers to an entity that operates for educational, charitable, or social welfare purposes, rather than making a profit for its members or owners. Non-profit organizations can be dedicated to various causes, including helping those in need, advancing education, promoting environmental sustainability, or contributing to arts and culture.

Senses and Usages:

  1. As a Noun:
    1. An organization that is exempt from federal income tax as it serves the public interest, supporting a particular cause or addressing specific social issues.
      • Example Sentence 1: The non-profit organization relies on donations from individuals and corporate sponsors to fund its charitable projects.
      • Example Sentence 2: She decided to volunteer her time at a local non-profit organization to make a positive impact on her community.
    2. A charitable organization that reinvests any excess revenue back into the organization's mission rather than distributing it to individuals or shareholders.
      • Example Sentence 1: The non-profit organization is hosting a gala to raise funds in support of its initiatives.
      • Example Sentence 2: Donating to a non-profit organization allows individuals to contribute to causes they believe in and promote positive change.

Possible Related Products:

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