npo

Volunteers chat on a sunny day

What’s the Difference Between Nonprofit, Not-for-Profit, and 501(c)(3)?

Nonprofit, not-for-profit, NPO, tax-exempt, 501(c)(3)… if you’ve heard these terms and wondered whether they all mean the same thing, you’re not alone. People often use these terms interchangeably, but they actually have different meanings that affect legal status, taxes, and how an organization can operate. These differences matter when you’re starting an organization, making a…