Vasant Ramachandran discusses the differences between a nonprofit organization and a charity. Vasant gives a detailed description in this presentation slideshow.
2. Nonprofit Organization
A nonprofit corporation means that none of
the corporation’s net profit comes from
donations, membership fees, or any business
activities that will benefit any individual.
3. A charity is a nonprofit
A charity is a nonprofit whose purpose
is to, in any way, benefit the general
public. The goal of a charity is to
improve the quality of life for the
community as a whole.
4. Charitable organizations
include:
Churches or Church associations
Educational purposes
Hospital and medical research
State college support or universities
Governmental units of the U.S.