Non-profit - Nonprofit - (Also Not for profit and sometimes Charitable). A term describing the Inland Revenue (in Britain) and the Internal Revenue Service (in the US) designations of an organisation whose income is not used for the benefit or private gain of stockholders, directors, or any other persons with an interest in the company. A nonprofit organisation"s income must be used solely to support its operations and stated purpose.
Non-profit - Nonprofit : (also not for profit and sometimes charitable). a term describing the inland revenue (in britain) and the internal revenue service (in the us) designations of an organisation whose income is not used for the benefit or private gain of stockholders, directors, or any other persons with an interest in the company. a nonprofit organisation"s income must be used solely to support its operations and stated purpose.