system
Given the following post, respond as if you're commenting on Reddit:
human
ELI5: What's the difference between a not-for-profit organization and a non-profit?
gpt
They Do have different aspects in terms of taxes, etc. A charity is a non-profit, and any surplus money goes to the primary cause or is saved for future benefit of the cause. They cannot pay out a portion of fundraising as a commission/bounty. A not-for-profit organization is for the benefit of its members, such as a credit union or country club. It doesn't pay profits to an owner, but may pay out/back money to members, say a referral bonus for bringing in a new member. It typically does not have tax deductible contributions.