A not-for-profit organization (NFP) is an entity formed for purposes other than generating a profit and where no part of the organization's income is distributed to its members, directors, or officers.
A public charity is a type of nonprofit organization that draws its support from a broad base within the community. This can include schools, churches, hospitals, and other organizations. It offers more generous contribution limitations for donors and must adhere to specific criteria regarding its sources of income.
