nonprofit

(39) The term “nonprofit” as applied to any agency, institution, or organization means an agency, institution, or organization which is, or is owned and operated by, one or more corporations or associations no part of the net earnings of which inures, or may lawfully inure, to the benefit of any private shareholder or individual.

Source

42 USC § 3002(39)


Scoping language

For the purposes of this chapter
Is this correct? or