Not-For-Profit Vs Non-Profit - Is There a Difference?

Non Profit - Not-For-Profit Vs Non-Profit - Is There a Difference?

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For people new to the world of nonprofits, there is often indispensable obscuring about the use of the terms "nonprofit" and "not-for-profit". Many organizations insist on referring to themselves as one or the other, and even some legal and accounting professionals exertion to draw a fascinating line in the middle of the organizations that fall under these terms. Though there are some technical differences in the middle of the two, they are generally used interchangeably.

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Non Profit

There are some who argue that "not-for-profit" should refer to organizations that operate with the intention of never turning a behalf at all -- every penny that comes in is used for the former purpose of the organization. Essentially, this encompasses every charity, Ngo, civil society, incommunicable voluntary organization, and every other type of nonprofit. Often, what is intended is to explain that the enterprise only solicits what it needs to survive -- an exertion to reassure inherent members and donors that no one man is profiting from the money that comes in.

Some exertion to distinguish not-for-profits as unchartered groups, such as communal clubs, civil societies, professional organizations and the like, while placing publicly-supported, charitable organizations under the nonprofit umbrella. While this disagreement can make sense, the inconsistency of definition makes it difficult to apply. Often, the lowest line is the intention of the group to emphasize its inherent definition -- an assosication that, by design, does not distribute a behalf to individuals at the end of the year.

Legal statutes (both federal and state) assuredly explain that "not-for-profit" and "nonprofit" are synonymous. However, the Irs does offer a practical disagreement in their own definitions. According to the Infernal wage Service, "not-for-profit" refers to a exact activity, such as a hobby. "Nonprofit" refers to an assosication established for purposes other than turning a profit. This definition does not necessarily mean charitable, but encompasses any assosication that does not intend to turn a profit. Amateur athletic leagues, quilt guilds, communal clubs, and charitable organizations all fall under this definition.

Beyond the Irs, a disagreement in the middle of the terms can also be found in the background of the folks who use them. Lawyers, accountants, and academics tend to prefer the term nonprofit, while experienced fundraisers (and many people complex in the nonprofit realm) prefer to use not-for-profit. Again, it is likely that the fundraisers prefer not-for-profit because it more clearly denotes the fact that no individual is profiting from the fundraising efforts. Or, it could just be an exclusionary tactic that helps those in-the-know to recognize outsiders...but that is unlikely to be an organized conspiracy!

The final issue that raises unreasonable disagreement is whether nonprofit should have a hyphen or not. Non-profit does not have an inherently distinct meaning than nonprofit, but with-the-hyphen is often used in non-nonprofit references. Active philanthropists tend to leave out the hyphen. Technically, the hyphen denotes one adjective modifying another. Here, "non" is modifying "profit"...not that this clarification provides any particularly useful knowledge, except that the single word nonprofit is a noun, while non-profit would technically be a modified adjective, so an additional noun would need to be attached, such as non-profit organization.

Whatever term you intend to use for your nonprofit, just be sure you have a well-developed argument at the ready. Somebody will ask about it...probably several people. As long as you sound like you know what you are talking about, your argument will be repeated when they are asked about the difference.

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