Nonprofit Meaning: Definition, Examples, and Translations
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nonprofit
[ˈnɒnˌprɒfɪt ]
Definitions
organization
A nonprofit is an organization that operates for the benefit of the public and does not seek to make a profit. Nonprofits are typically involved in charitable, educational, religious, or scientific activities.
Synonyms
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| nonprofit |
General term for organizations that operate without the goal of making a profit, often used in a variety of sectors including education, healthcare, and the arts.
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| charity |
Specifically refers to organizations that provide aid or support to the needy and are often funded by donations from the public.
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| NGO |
Stands for Non-Governmental Organization, often used to describe organizations that operate independently of government, usually involved in social, environmental, or political causes.
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| not-for-profit |
Similar to 'nonprofit,' but often used in financial or legal contexts to describe organizations that reinvest any surplus funds back into their mission.
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Examples of usage
- Many people choose to donate to nonprofits to support causes they care about.
- The nonprofit sector plays a crucial role in addressing social issues.
- In a nonprofit organization, any surplus funds are reinvested into the organization's mission.
business
Nonprofit can also be used as an adjective to describe an organization or business that is not intended to make a profit.
Synonyms
charitable, philanthropic, voluntary.
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| nonprofit |
Use this term to describe organizations that do not operate for profit and usually reinvest surplus revenues to further their goals. This term is common in legal and organizational contexts.
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| charitable |
This word is often used to describe organizations, actions, or individuals that aim to help those in need. It emphasizes the moral and altruistic aspects.
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| philanthropic |
Primarily used to describe actions or organizations involved in promoting the welfare of others, often through financial donations. This term is more sophisticated and formal.
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| voluntary |
Best used to describe actions done by choice without compensation, or organizations that rely on volunteers.
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Examples of usage
- She works for a nonprofit organization that focuses on environmental conservation.
- The event was organized by a nonprofit group dedicated to helping the homeless.
Translations
To see the translation, please select a language from the options available.
Interesting Facts
Historical Origins
- The concept of nonprofit organizations has existed since ancient times, with charitable works documented in ancient Egypt and Greece.
- The modern nonprofit sector began to take shape in the 19th century, particularly with the establishment of charities and humanitarian organizations.
- In the United States, the Internal Revenue Service recognized the tax-exempt status for charitable organizations in 1954.
Legal Framework
- Nonprofit organizations often have to adhere to specific laws and regulations that vary by country and region.
- In the U.S., nonprofits can apply for 501(c)(3) status, which allows them to be exempt from federal income tax.
- Many countries have established frameworks that define and regulate nonprofits, ensuring transparency and accountability.
Social Impact
- Nonprofits play a vital role in addressing social issues, from poverty relief to environmental conservation.
- They often collaborate with governments and private sector entities to amplify their impact and reach more people.
- Many community programs, educational initiatives, and health services are supported by nonprofit funding.
Pop Culture
- Films like 'The Blind Side' showcase the role of nonprofit organizations and the power of giving back.
- Celebrities often support nonprofits through donations or promotional efforts, raising awareness for various causes.
- Social media has become a powerful tool for nonprofits to engage the public and generate support through campaigns.
Economic Role
- The nonprofit sector contributes significantly to the economy, providing millions of jobs and generating billions in revenue.
- Around 10% of the U.S. workforce is employed by nonprofit organizations, highlighting their importance in the labor market.
- Nonprofits also stimulate local economies by supporting volunteer efforts and community development projects.
Origin of 'nonprofit'
The concept of nonprofits dates back to ancient times when religious and charitable organizations operated for the public good without the goal of making a profit. The modern nonprofit sector has evolved to encompass a wide range of organizations dedicated to various causes and missions. Nonprofits rely on donations, grants, and volunteers to support their work and make a positive impact on society.
See also: profit, profitability, profitable, profitableness, profitably, profiteer, profiteering, profitize, profits.