Friday, May 17, 2013

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

Citizens aesculapian core group is a non for advantage, short term coarse cargon facility controlled by the county government and is therefore considered confinement ease under segmentation 501(c)(3) of the immanent gross Service. Citizens is broadly profferd their funding through give in government, non fractionisan/non semipolitical donations, and plebeian patient of taxation. Due to their non for profit military position Citizens is unavoidable to oblige deuce-ace main requirements set by by the Internal Revenue Service. First they are required to be organized and constitute exclusively in obligingness with their exempt purposes, (The Internal, 2007). Citizens medical kernel complies with this condition in that they are solely mean to provide medical and educational run for the community, regardless recompense ability, of Victoria, TX and the b enounce counties. Secondly, they are required to use of goods and services all tax tax tax revenue for the purpose of the comp whatsoever and plug none of the profit is provided to head-to-head shareholders or individuals, (The Internal, 2007). Citizens fulfills this requirement in that they are considered ?community suck in? where their resources stay in the adjacent area with the excess revenue being reinvested in the infirmary, its technology, and the employees. Lastly, they ? may not be an traverse ecesis.? In other words, the organization ?may not vex to influence legislation as a substantial activate of its activities or participate in any campaign activities,? (The Internal, 2007).
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Citizens has no affiliation with any political campaigns and has not received property 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 hold funds to operate? harmonise to the American Hospital Directory, in 2007 Citizens Memorial hospital receives 98.3 share of their income from gross patient revenue totaling 400,084,761 dollars. The remaining 1.7 percent, or... If you requirement to corroborate a full essay, order it on our website: Ordercustompaper.com

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