Meaning of the word "non-profit organization" in English
What does "non-profit organization" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
non-profit organization
US /nɑnˈprɑfɪt ˌɔrɡənəˈzeɪʃən/
UK /nɒnˈprɒfɪt ˌɔːɡənaɪˈzeɪʃən/
Noun
an organization that uses its surplus revenues to further achieve its purpose or mission, rather than distributing its surplus income to the organization's shareholders (or equivalents) as profit or dividends
Example:
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She volunteers for a local non-profit organization that helps homeless people.
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Many charities are structured as non-profit organizations.
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