What are the types of nonprofit corporations?
Nonprofits fall into one of the following categories: • Public Benefit nonprofits provide a service or product to the public that is generally not offered by for-profit corporations. It does not have a membership that would limit its accessibility to the non-membership public. Examples include schools, libraries and hospitals. • Mutual Benefit nonprofits are formed to serve the members of the organization. Attributes of organization and conduct are usually associated with for-profit entities. Examples are cooperatives, day care centers, nursing homes and trade associations. • Religious nonprofits are organized primarily or exclusively for religious purposes. Churches are an example.