Tax-exempt Status
Nonprofit hospitals are exempt from federal and some state and local taxes. Therefore, in addition to providing that 24/7 care, they must meet the Internal Revenue Service (IRS) Community Benefit Standard and publicly and extensively report the range of benefits and services they provide to their…
Your representative sits on the Oversight Subcommittee. Please reach out prior to the hearing to ensure they understand how your hospital or health system benefits your community beyond charity care or financial assistance.
The CMS July 31 issued its hospital inpatient prospective payment system (PPS) and long-term care hospital (LTCH) PPS final rule for fiscal year (FY) 2026.
Tax-exempt hospitals provided nearly $149 billion in total benefits to their communities in 2022 alone (the most recent year for which comprehensive data is available).
New analysis released today by the American Hospital Association (AHA) shows that tax-exempt hospitals provided nearly $150 billion in total benefits to their communities in 2022 alone.
A tax-exempt organization must file an annual information return or notice with the IRS, unless an exception applies. Form 990 is the IRS' primary tool for gathering information about tax-exempt organizations, educating organizations about tax law requirements and promoting compliance.…
Nonprofit hospitals have special obligations to their communities in exchange for being tax-exempt.
An EY report prepared for the AHA shows that tax-exempt hospitals and health systems delivered $10 in benefits to their communities for every dollar’s worth of federal tax exemption in 2020, the most recent year for which comprehensive data is available. It represents an increase from $9 in…
A new analysis by the international accounting firm EY (also known as Ernst and Young) for the AHA shows that tax-exempt hospitals and health systems delivered $10 in benefits to their communities for every dollar’s worth of federal tax exemption in 2020, the most recent year for which…
In 2020, the estimated tax revenue forgone due to the tax-exempt status of nonprofit hospitals is $13.2 billion. In comparison, the benefit tax-exempt hospitals provided to their communities, as reported on the Form 990 Schedule H, is estimated to be $129 billion, almost 10 times greater than the…