Coop? Non Profit group? Thoughts....

I have been hearing suggestions from various people that we as home schoolers should either form a coop of sorts or file from non -profit status. What are your thoughts?

The pros that have been presented are this:

1. As a co-op/non profit we can apply for grants for materials and create a sort of lending library where have supplies that the children can use
2. We have access to discounted curriculum rates at many companies
3. buying power
4. our children can take part in mini classes where we as a non profit can pay for experts in the field to teach those classes(ie. Advanced Calculus, AP Literature, Marine Biology, etc)
5. An opportunity to grow the homeschooling community in the islands
6. Some classes like Drama, PE, public speaking are best taught in a larger group setting and we could then be able to do this
7. Age groups where say your kindergarten aged child can learn with other kids in the KG group, 8th graders with 8th grades, cooperative learning.

I know we could figure out how to grow this group if we wanted to, but I am not single handedly going to pursue this if there is no other interest. We would need at least 3 other families that want to do this to make it viable. 

What do you think? Are you interested or not? Why or why not? Let's dialog!