What is the difference between a co-op and a not-for-profit corporation?

Excerpt:

Introduction

Co-operatives are a unique type of business model that share some commonalities with both private corporations and not-for-profit organizations but there are some key differences between the three types of organizations in how they are organized and carry on activities. In the case of co-ops and not-for-profit organizations (also called NFP organizations or NFPs), there are some similarities in their structures and in some cases, their tax status, but there are also differences in their organizational setup and how members benefit and are involved.

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FACTSheet_-_Coops_are_different_from_NFPs