Difference between Not-for-profit and Nonprofit

Not-for-profit

Part of speech: adjective

Definition: not meant to make a profit

Part of speech: noun

Definition: A company or organization that is not meant to make a profit.

Nonprofit

Part of speech: adjective

Definition: not seeking to produce a profit

Part of speech: noun

Definition: An organization that exists for reasons other than to make a profit, such as a charitable, educational or service organization.

Example sentence: I started a college campus-based nonprofit in June 2012 called Turning Point U.S.A. to target millennials in college. Our mission was to create a powerful conservative grassroots activist network on campuses and identify, educate, train and organize students to promote the principles of freedom, free markets and limited government.