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MenuNot-for-profit organizations are types of organizations that do not earn profits for its owners. In a non-profit organization, income is not distributed to the group's members, directors, or officers. Some well-known non-profit organizations include the American Red Cross, United Way, and the Salvation Army. Almost anyone can start a not-for-profit and apply for tax-exempt status, but most not-for-profit organizations will not qualify for 501 status. 501c3 is only for charitable organizations. But not-for-profits can be organizations like social clubs that exist to serve their members. If desired, the not-for-profit can also opt to incorporate. Once registered and running, the organization must maintain compliance with the appropriate state agency regulating charitable organizations.
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