Is there a difference between “nonprofit” and “not-for-profit?
There is no legal distinction between “nonprofit” and “not-for-profit.” In some states one phrase is more common than the other. It’s a matter of semantics. Some people believe that “nonprofit” implies that the charity spends all its resources and does not show a profit at the end of its fiscal year, while the phrase “not-for-profit” implies that the mission of the organization is to provide services, rather than to turn a profit.
