What is 'Not-For-Profit'
Not-for-profit describes a type of organization that does not earn profits for its owners. All of the money earned by or donated to a not-for-profit organization is used in pursuing the organization's objectives and keeping it running. Typically, not-for-profit organizations are charities or other types of public service organizations.
How to Start a Not-for-Profit
Almost anyone can start a not-for-profit. If a person sees a need in their community or elsewhere in the world, he can research his idea and put together a business plan, outlining the proposed non-profit's objectives and how it plans to meet those goals.