Charities by definition are non profit. The term comes from the IRS 501 c 3 distinction which allows certain nonprofits to accept charitable donations, meaning donations to the organization are tax deductible. There are other nonprofits that do not have that distinction and are not considered charities. Some charities own for profit subsidiaries or social enterprises, yet the charities themselves are still nonprofit. Some states, have introduced new corporate structures that both benefit society and are for profit, yet they are not charities. Non profit does not mean the agency loses money or has to break even every year and for profit does not mean it has to make money. Some nonprofits earn significant revenue and some for profit companies lose money. Nonprofit is a tax status and charitable is a distinction under that status.
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