system
Given the following post, respond as if you're commenting on Reddit:
human
ELI5: What is the difference between non-profit and not-for-profit?

Thank you in advance. I'm just curious because I recently took a job at a not-for-profit.
gpt
this makes me sad, but i just copied this from Yahoo Answers when i googled your question...still good info though.

>A nonprofit organization can be one like Kiwanis or a scholarship fund that does charitable work. Most of the staff are volunteer. 501(c) 3 organizations are nonprofits. A museum is a nonprofit; it has no share holders, may have paid staff, but mainly relies on donations and grants. Donations to them are tax deductible. 

>A not-for-profit business is another matter. Credit unions are not-for-profit. Members are to receive the income earned by the organization after expenses - overhead, for example - but there are no share holders. Members receive the proceeds in relation to their investment or savings. Interest on loans is typically lower than at a for-profit bank since the goal is not to make money for the shareholders. You do not make donations to a not-for-profit. It is still a business, not a charity. Many community hospitals are not-for-profit. Paul Newman's company that sells salsa, popcorn, peanut butter, etc. is also a not-for-profit organization. All proceeds from sales goes to charity (after expenses). 

>So they are similar but not the same even if some would tell you otherwise.