Definition of "nonprofits" []

• Plural form of nonprofit. (noun)

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• "Folks behave similarly in nonprofits where the top executives spend thousands and tens of thousands of donor dollars on various little personal luxuries for themselves and family, have their accountant mark it as "gas" under "travel" expenses on the balance sheet, and then hide behind the mission of the nonprofit once an outside skeptic questions their behavior."
• "The typical spend rate for endowed nonprofits is in the five-percent range."
• "Chairman Max Baucus already has asked the IRS to investigate whether certain nonprofits are abusing their tax status."