What is a nonprofit organization? Terms: Some confusion exists because of the different names for these organizations: Not-for-profit, non-profit, nonprofit. These terms are used interchangeably in the charitable world. Are nonprofits the same as 501(c)(3) organization? While almost every 501(c)(3) organization is a nonprofit, not every nonprofit has 501(c)(3)status. A nonprofit organization such as a… Read More »