51Թ

  • Dictionary
  • 51Թ comparison: for-profit vs. nonprofit

for-profit vs. nonprofit

for-profit vs. nonprofit: What's the difference?

A for-profit organization is one that exists for the purpose of making money. A nonprofit organization (or simply nonprofit) is an organization that exists for reasons other than making money—especially one considered to operate for the public good (a charity, for example). In the U.S., nonprofits are often tax-exempt.

for-profit

adjective

  1. (of a business or institution) initiated or operated for the purpose of making a profit:

    for-profit hospitals.

nonprofit

adjective

  1. not established for the purpose of making a profit; not entered into for money:

    a nonprofit institution.

noun

  1. a nonprofit organization, institution, corporation, or other entity.