Originally Posted by GigoloMason

Some nonprofit corporations qualify for a federal tax exemption under sec 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

Beyond that the only (real) difference between non-profit orgainzations and other corp structures is that non profit companies can't pay out dividends. This basically means owners "salary" themselves rather then distribute earnings. Whoopie.