8 Differences between Nonprofits and For-Profits

Our latest Skye Learning video explains eight key differences between nonprofit organizations and for-profit companies, to help you decide which one would be the better fit for you. All companies have a distinct purpose, but this is where the difference between a nonprofit and a for-profit is the starkest.

Spotlight

Inspire Inc.

Founded in 1998, Inspire is a nonprofit 501(c)(3) organization applying management consulting strategies, tools, and techniques to help other nonprofits achieve greater social impact. Inspire is run by a completely volunteer staff of junior consultants from Bain & Company, The Monitor Group, The Parthenon Group, L.E.K. Consulting, and Katzenbach Partners who devote time to Inspire projects in addition to their full-time consulting jobs.

OTHER VIDEOS

SmartSuite for Non Profits

video | July 5, 2023

SmartSuite can help you manage your non-profit organization, including program development, donor relationship management, volunteer management, board meetings, and expense tracking. You can use SmartSuite to: Track programs and tasks Manage donations and donors Track volunteers and events Manage board meetings and resolutions Track expenses and initiatives ...

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Peer-to-Peer Fundraising: A Step-by-Step Guide to Setting up Your Personal Fundraising Page

video | July 21, 2023

If you have been invited, or inspired, to fundraise for your favorite nonprofit’s Donorbox Peer-to-Peer Fundraiser campaign, here’s an easy reference, step-by-step guide to setting up a personal peer-to-peer fundraising page for your nonprofit organization. Donorbox’s Peer-to-Peer Fundraising is really simple to use. Every invited fundraiser, like you, can easily create a personal fundraising page dedicated to their chosen cause and raise donations independently....

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Nonprofit Virtual Assistant

video | May 25, 2023

Discover how the Nonprofit Virtual Assistant enables nonprofit organizations to take advantage of the advanced language capabilities of OpenAI to simplify internal workflows and deepen their connection with their communities, patrons, donors, and stakeholders more effectively than ever before....

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Engage communities with integrated text capabilities in your nonprofit CRM

video | April 20, 2023

Expand your outreach to donors, volunteers and other stakeholders through texting. LiveImpact helps you reach and engage more supporters with our deeply integrated texting features....

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Spotlight

Inspire Inc.

Founded in 1998, Inspire is a nonprofit 501(c)(3) organization applying management consulting strategies, tools, and techniques to help other nonprofits achieve greater social impact. Inspire is run by a completely volunteer staff of junior consultants from Bain & Company, The Monitor Group, The Parthenon Group, L.E.K. Consulting, and Katzenbach Partners who devote time to Inspire projects in addition to their full-time consulting jobs.

Events