That's true. If profit is defined as income less expenses, some orgs may have more income than expenses at the end of the year, which could be considered "prof

That's true. If profit is defined as income less expenses, some orgs may have more income than expenses at the end of the year, which could be considered "profit". However, a non-profit is organized in such a way as there are no shareholders or other owners to distribute the profit. So, the precise term should be non-profit-distribution, I guess. Of course, the principals of a non-profit still take a salary, and you could probably sneak in a reasonable bonus as well, and not call it a profit distribution.