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What does it mean that the MTC is a non-profit organization?

April 26, 2017mean MTC non-profit organization

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What does it mean that the MTC is a non-profit organization?

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Since becoming a non-profit arts organization, we are now able to produce shows above and beyond the level of our past productions thanks to many unique funding, networking, and partnering opportunities. Also, because of our 501(c)(3) status, time spent working in our organization may qualify as community outreach hours for students needing to fulfill service requirements and any donation to our company is 100% tax-deductible, to the full extent of the law.