501(c)(3) is just one of 29 types of non profits defined by the IRS. Many non-profits aren’t charities and some of them can even distribute profits.
501(c)(7) IE non profit social club for example could be just about anything from knitting circle to a S&M sex club. Have that club buy property and then at some point in the future sell that property at a profit which is then distributed to those members.
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501(c)(3) is just one of 29 types of non profits defined by the IRS. Many non-profits aren’t charities and some of them can even distribute profits.
501(c)(7) IE non profit social club for example could be just about anything from knitting circle to a S&M sex club. Have that club buy property and then at some point in the future sell that property at a profit which is then distributed to those members.