Yes. Nonprofits may earn revenue, but how revenue is generated and used can affect tax and regulatory obligations. Earnings generally cannot simply be distributed to private owners as profits.

Swyft Filings offers nonprofit formation services and also provides a separate 501(c)(3) application service for qualifying organizations seeking federal tax-exempt recognition. These are distinct steps: state nonprofit formation creates the legal entity, while federal tax-exempt recognition is determined separately under IRS requirements.