1.0Glossaryhttps://www.healthbenefitstimes.com/glossaryGlossaryhttps://www.healthbenefitstimes.com/glossary/author/adminglossary/Nonprofit - Definition of Nonprofitrich600338<blockquote class="wp-embedded-content" data-secret="Pemt2rIzNG"><a href="https://www.healthbenefitstimes.com/glossary/nonprofit/">Nonprofit</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.healthbenefitstimes.com/glossary/nonprofit/embed/#?secret=Pemt2rIzNG" width="600" height="338" title="“Nonprofit” — Glossary" data-secret="Pemt2rIzNG" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script>
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An entity whose profits (excess of income over expenses) are used for its own purposes rather than returned to its members (shareholders, investors, owners) as dividends. To qualify for tax exemption, no portion of the profits of the entity may "inure" to the benefit of an individual.