Non-profit vs not for profit organizations
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Non-profit vs not for profit organizations
Difference Between Non-Profit and Not-for-Profit Organization
A non-profit organization is an organization which is not commercially motivated. This means that it operates to promote the public good.
Whereas, a not-for-profit organization is one that works for the welfare of the society or its members.
Profit is the primary motive for most organizations. But, not every organization works for profit.
Non-profit vs not for profit organizations list
Some organizations work with the aim of rendering services to their members and the public as a whole. These are charitable institutions, religious organizations, clubs, hospitals, trade unions, foundations, welfare societies and so on.
Non-Profit Organizations and Not for Profit Organizations sound similar.
But they are different. Both the organizations do not operate with the aim of making a profit. However, the income they generate from the business help in sustaining their mission.
While a non-profit organization return the additional income earned to the organization.
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