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A not for profit organisation can apply for tax exempt status which means it will not be subject to the usual taxation rules. Donations in particular will not be subject to tax and may also be tax deducatable to the person donating.
A not for profit organisation can be started by anyone if they see a need in their community or anywhere else in the world. This for example could be helping disadvantaged childen in Africa or helping elderly residents in their local community. Having non-profit status does mean there is compliance rules to be met to maintain that status.
If you would like to know more about starting your own non-for-profit organisation then contact us to discuss more.