Often, nonprofit leaders will struggle with the question: Am I a nonprofit or not-for-profit organization?
Every once in a while you will hear organizations refer to themselves as not-for-profit. If the organization you work for has always been referred to as a nonprofit, this may be confusing and leave you wondering, what is the difference? In truth… not much.
The term nonprofit simply describes the organization, while the term not-for-profit describes the activities it partakes in. So, a nonprofit does things not-for-profit.
So, the two terms generally mean the same thing. But the majority of organizations around the world refer to themselves as nonprofits.