In the US, in order to be considered a "non-profit" you must be a religious, trade, charity, or education association. You CAN be a non-profit and run a daycare, but I think it would be very difficult to do. Tom would know more, but I would think the whole time/space thing might fly out the window.

Being non-profit does not mean you can't make any money. You can pay yourself a reasonable salary (reasonable means comparible to other such positions in the market).

There is info on the IRS's website, but I think in most case, the hoops are not worth the benefits. The only real benefit I can think of is some tax savings on supplies, etc, and the fact that you could apply for certain grants.

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