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Brendon_Wong comments on Can You Give Support or Feedback for My Program to Alleviate Poverty? - Less Wrong Discussion
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I'm having trouble seeing how a for-profit corporation would create more good and be a more effective structure in this case. A non-profit organization can operate without income tax and attract donations which can be tax-deductible to donors. A for-profit organization could get investment capital, but I think it's highly unlikely I would be able to find any interested investors, and it otherwise performs worse compared to a non-profit with the same business model.
You are likely underrating the difficulty of raising charitable funds.
If the business model doesn't work for a for-profit it's unlikely from an outside view to think that you create much value in a nonprofit structure.