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Yes, 501c not for profit orgs. DO in fact make a profit. And are legally allowed to do so. No company can exist without profit. Ask your bookeeper how a 501c works.
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P.S. - I am an Accounting major at Radford University, I'm pretty sure I know how a 501c works. If you would like to know I can bring my Governmental and Not-for-Profit accounting book for you to look at.
There is no such thing as an "Income Statement" in a Not-for-Profit.
Lee Norton
I/PS '02 Firebird 231 V6