Top Definition
not for monetary gain...but for public service. However, does allocate small funds (through fundraising) to help worthwhile causes. Does not exlude members of the public.
The student sold magazines, to allocate funds for their non-profit school.

Some people create certain non-profit 'labels' to promote awareness for worthwhile causes, that benefit society as a whole.
by Alaphabet Soup October 22, 2007
An organization that uses surplus funds to achieve its goals, rather than to pay dividends to shareholders. Designated under US Internal Revenue Code 501(c).
Bones: Excuse me, your gang can't fund the lobby for legalizing crystal meth.

T-Jam: On the contrary, Bones, we classify as a 501(c) nonprofit advocacy organization. We can fund whatever we wish provided we don't kick out dividends to investors.

Bones: Word to your mother. Lets go cut someone.
by Old Ebbit December 11, 2011
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