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[QUOTE="sabach, post: 5085341, member: 866"]
Colleges are businesses for sure, as are many hospitals and other charitable organizations.

All not-for-profit means is that the organization does not pay out its profits at the end of the year as dividends to its owners, members and/or shareholders.  It has nothing to do with making money or not making money.  Many non for profits from charities to churches to public universities take in more money than they pay out in a given year (which is by any definition, making a profit) but they remain a not for profit institution as long as that profit is not paid out and remains in the organization.

In addition, a non-profit organization (which is different from a not-for-profit) is one that qualifies for tax-exempt status by the IRS because its mission and purpose are to further a social cause and provide a public benefit. Non profit organizations include hospitals, universities, national charities, and foundations.

So many organizations are both not-for-profit because they hold all profits within the organization and are also non profit and get tax breaks from the IRS because of the public good that organization performs.

But any of these organizations can make millions more than they spend each year and that "profit" does not affect its status in either category.
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