What is the difference between a for-profit and a non-profit organization?
A for-profit organization is funded by the fees it charges its clients. A non-profit may also charge a fee for service, but services are usually provided to clients at a rate much lower than the actual cost of the service. Non-profits rely on grants and donations to cover the balance of their operating costs. These donations are generally tax-deductible to the donor.
A for-profit organization is funded by the fees it charges its clients. A non-profit may also charge a fee for service, but services are usually provided to clients at a rate much lower than the actual cost of the service. Non-profits rely on grants and donations to cover the balance of their operating costs. These donations are tax-deductible to the donor. Heroes does not charge a fee to the recipient. We do ask for assistance in fundraising if the recipient and their family is able and comfortable with doing so.
Related Questions
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- Whats the main difference between supporting WGCA as a non-profit vs. a for-profit organization?
