Not for profit organization
Not for profit organization - an organization whose primary objective is to support some issue or matter of private interest or public concern for non commercial purposes.
What is a not for profit organization[edit | edit source]
Nonprofits generally do not operate to generate profit, and this characteristic is popularly considered to be the defining characteristic of such organizations.
- However, a non profit organization may accept, hold and disburse money and other things of value.
- It may also legally and ethically trade at a profit.
- The extent to which it can generate income may be constrained, or the use of those profits may be restricted.
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