What’s the Difference Between Nonprofit and Not for Profit? Key Differences between Non-profit and Not-for-Profit Organizations
Key differences exist between non-profit and not-for-profit organizations. Non-profits work for charitable purposes, while not-for-profits are small groups formed for some common interest. When you’re starting a business, it’s likely you’ll hear the phrases “nonprofit” and “not-for-profit” used interchangeably. However, nonprofits and not-for-profits are structures with different tax implications, governance, and functions. What qualifies as … Read more