3 ms·

More importantly it also doesn't mean "charity" which I often see it equated to.

• matt4077 9y ago
  They are indeed largely interchangeable: A non-profit organization (NPO), also known as a non-business entity,[1] is dedicated to furthering a particular social cause or advocating for a shared point of view (Wikipedia). There's a minor distinction because non-profit status is awarded by the state, but income-tax exemptions are administered federally (i.e. 501(c)). But in practice, every non-profit university also fits the definition of a charitable organisation.
  • dopamean 9y ago
    I supposed I was thinking of trade associations (like the NFL) when I said not all non-profits are charities. Now that I say that though I wonder if there is a legal difference between the terms "non-profit" and "not for profit" and if one of those applies more appropriately to trade associations.