what is the difference between nonprofit and profit
For-Profit and Nonprofit Organizations. There are several differences between for-profit and nonprofit organizations. While the aim of for-profit organizations is to maximize profits and forward these profits to the company's owners and shareholders, nonprofit organizations aim to provide society's needs.Non-profit organizations have no owners.ax Exemption. For-profit organizations must pay taxes on their net income, but this is not true for nonprofits if they are exempt from taxes. If a nonprofit's goal is to increase the welfare of society, governments tend to help this cause by minimizing the nonprofit's costs as much as possible.