Are private schools non profit?

Private schools are generally set up in one of two ways: as for profit entities or not for profit (nonprofit) entities. The for profit version is typically used by either a corporation or a private individual in order to make a profit but not be eligible for contributions which are tax-deductible to the extent provided for by law. read more

Public nonprofit institutions rely more heavily on public support and are less regulated than private nonprofit institutions. For an organization to become a bona fide public nonprofit institution, at least 33 percent of its income must come either from small donors, the government or from other charities. read more

The National Association of Independent Schools (NAIS), a voluntary non-profit membership association, is the national advocate for independent elementary and secondary schools in the United States and abroad. NAIS member schools are non-profit, tax-exempt organizations that maintain fiscal independence from tax or church monies. read more