Many people have a misconception that nonprofit organizations are very different from for-profit organizations. Often, in management practices, the most important difference to focus on is the size of the organization, rather than whether it's a for-profit or nonprofit. Small nonprofits are often much more similar to small for-profits than to large nonprofits. Similarly, large nonprofits are often more similar to large for-profits than small nonprofits. The following table depicts this different wording.
Nonprofits focus more on fundraising from donors, e.g., grants, contributions, etc.
Nonprofits focus more on board of directors' activities For-profit corporations also have boards of directors. However, their board members are usually more highly trained and experienced than in nonprofits, where board members are often volunteers who bring strong passion for the nonprofit mission. Accordingly, they are expected to file certain kinds of tax forms. Certain types of nonprofits also must minimize certain kinds of activities, such as lobbying or earning over certain amounts of revenue that are not associated with the nonprofit mission. Some topics will include a section dedicated specifically to nonprofit organizations.