Hospital charity care falls short of nonprofit tax breaks: Lown
04/01/24 at 03:00 AM
Hospital charity care falls short of nonprofit tax breaks: Lown
Modern Healthcare, by Caroline Hudson; 3/26/24
The vast majority of nonprofit hospitals aren't providing a level of community support equal to the value of what they are receiving in tax breaks, according to a study published Tuesday. ... Using 2021 Internal Revenue Service data, Lown found about 80% of nonprofit hospitals, or more than 1,900 out of 2,425 hospitals, received more in tax break benefits than the support provided to communities.