What makes hospitals non for profit. Identify a specific hospital and provide an explanation.

Citizens aesculapian nitty-gritty is a non for profit, short term frank care facility controlled by the county government and is therefore considered labor take over under section 501(c)(3) of the immanent tax income enhancement Service. Citizens is by and large grantd their funding through state government, non fractionisan/non political donations, and plebeian enduring taxation. Due to their non for profit status Citizens is required to oblige common chord main requirements set forth by the Internal Revenue Service. First they are required to be organized and ponder exclusively in compliance with their exempt purposes, (The Internal, 2007). Citizens medical Center complies with this condition in that they are solely mean to provide medical and educational services for the community, regardless recompense ability, of Victoria, TX and the ring counties. Secondly, they are required to use all tax tax income for the purpose of the company and ensure none of the profit is provided to private shareholders or individuals, (The Internal, 2007). Citizens fulfills this requirement in that they are considered ?community convey? where their resources stay in the immediate area with the excess revenue enhancement being reinvested in the infirmary, its technology, and the employees. Lastly, they ?may not be an take organization.? In other words, the organization ?may not take a leak to influence legislation as a substantial farewell of its activities or participate in any campaign activities,? (The Internal, 2007).

Citizens has no affiliation with any political cam paigns and has not received silver in hand! from any partisan or political donations. Since these requirements are abided by, Citizens Medical Center is considered a tax exempt non profit organization. If Citizens is a non for profit then where do they gravel funds to operate? According to the American Hospital Directory, in 2007 Citizens Memorial hospital receives 98.3 percent of their income from gross patient revenue totaling 400,084,761 dollars. The remaining 1.7 percent, or... If you requirement to get a full essay, assemble it on our website: BestEssayCheap.com

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