Title: Difference Between Charity and Non Profit | Compare the Difference Between Similar Terms
Headings: Difference Between Charity and Non Profit
Difference Between Charity and Non Profit
Charity vs Non Profit
Non Profit
Charity
Difference between Charity and Non Profit

Content: Even if it is a non profit organization, it may not actually be a charity. A non profit organization is just another name for a business entity except that it does not make profits. If there is a surplus, such companies set it aside for salaries. The only point to note is that a non profit company does not report profits, or in other words, it is not there to make money. Charity
A charity is an organization that is involved in activities such as relief operations or to fight against illiteracy, ailments and other social cause. The money at the disposal of a charity is meant to be spent on these social causes only. A charity raises money through donations and has a workforce that is not salaried; workers often hold honorary posts and offer their contribution voluntarily. Thus it is clear that a charity is similar to a non profit organization in the sense that it too does not make profits. Difference between Charity and Non Profit
One notable difference between a charity and a non profit organization is the way they are taxed.