Too ambiguous. The main driver behind open source’s success is largely in some way, shape, or form "profit." Saying nobody can profit by using the project essentially limits its use to strict personal-use, and even then — it depends on how deep "profit" goes, and what "profit" means.
In any case, you can say that in a clearer way.
https://polyformproject.org/licenses/noncommercial/1.0.0