nonprofit

Meanings

• noun

  A organization or institution that operates without generating a profit or distributing dividends to organizations or individuals. It is typically funded by donations, grants, or endowments.

  - "The local nonprofit provides free meals to the homeless."
  - "Many people donate to their favorite nonprofits during the holiday season."

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Pronunciation

1. 
   
   
   
   Source: "https://commons.wikimedia.org/w/index.php?curid=1785217"

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Antonyms

for-profit

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Synonyms

NPO , not-for-profit

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Rhymes

Words rhyming with nonprofit
profits , gifts , lifts , misfits

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Variants

List of all variants of nonprofit that leads to same result
nonprofit , nonprofits , non-profit-making

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Etymology

origin and the way in which meanings have changed throughout history.

From the Latin 'non' meaning 'not' and 'profess' meaning 'to make a profit'.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. Approximately 1.5 million nonprofits exist in the United States.

2. The first recorded use of the term 'nonprofit' dates back to 1894.

3. Nonprofits are exempt from paying federal income taxes in the United States.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. NGO: Non-Governmental Organization, an international term used for nonprofits that operate on a global scale.

2. Charity: An organization dedicated to providing help and assistance, typically through raising and redistributing money, goods, or volunteering time.

3. Philanthropy: The desire to promote the welfare of others, expressed especially by the donation of money, resources, or time.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Nonprofits play a significant role in society by addressing various social issues, providing essential services, and promoting community development. They are often associated with charitable work, philanthropy, and volunteerism.

How to Memorize "nonprofit"

1. visualize
   

   - Imagine a group of people working together to help others in need. They have a common goal and are not focused on making a profit. This is a nonprofit organization.

2. associate
   

   - Associate the word 'nonprofit' with words like 'charity', 'philanthropy', and 'community service'. These words all relate to the mission and purpose of a nonprofit organization.

3. mnemonics
   

   - Use the mnemonic 'Never Pursue Personal Profit' to remember the definition of a nonprofit.

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