Write a 1,050- to 1,400-word paper describing the main differences between a nonprofit and for-profit organization. Include the following:
The costs associated with any organization, and which costs are unique to nonprofit organizations
The importance of budgeting and planning in a nonprofit setting
The cash flow management strategies of nonprofit organizations and how they differ from for-profit organizations
Whereas non profit organization, also known non-governmental organizations is an organization dedicated to the advancement of a certain social or economic cause or shared point of view with no profit being expected in return, for profit organization are chiefly concerned with making money and nothing else and putting their fiduciary interest first above anything else.