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DEFINITION:
Non-profit organizations - A non-profit organization is a group organized for purposes other than
generating profit and in which no part of the organization's income is distributed to its members,
directors, or officers.
(Source: https://www.law.cornell.edu/wex/non-profit_organizations)
LEGAL DEFINITIONS:
Similarities
NGO NPO
Differences
NGO NPO
Compare and Contrast: Not-for-profit organization and Non-profit organization
The term "not-for-profit organization" (NFPO) is used as a broad-based term that encompasses
all organizations that are known variously as charities, non-profits, non-governmental
organizations (NGOs), private voluntary organizations (PVOs), civil society organizations
(CSOs), etc. "Not-for-profit" is used in preference to "non-profit" in order to emphasize that a
defining criterion is the intention of the organization not to make profits for private gain. It is
possible that such an organization will in fact make a profit from time to time, but that is not the
principal purpose for which it is organized and operated. Nor is its purpose to distribute any
portion of any profit for private gain. The major distinguishing characteristic between
not-for-profit and for-profit organizations is that the former are governed by the principle of
non-distribution.
(Source: http://www.icnl.org/contact/faq/)