Nonprofit, Not-for-Profit & For-Profit: What's the Difference? (2024) - Shopify
Briefly

Nonprofits are dedicated to advancing a social cause, reinvesting any income into their mission, whereas not-for-profits simply serve the interests of their members.
Nonprofit organizations, often recognized as 501(c)(3)s, receive tax exemptions and must remain transparent about their spending in exchange for these benefits.
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