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** PUBLIC DISCLOSURE COPY ** FormReturn of Organization Exempt From Income Tax990OMB No. 154500472016Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)
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Nonprofit hospitals are healthcare organizations that provide medical services to the community without the intention of making a profit. They operate under a charitable mission, often providing care regardless of a patient’s ability to pay.
Nonprofit hospitals are generally required to file Form 990 with the IRS. This applies to organizations classified as 501(c)(3) tax-exempt entities.
To fill out the required forms, nonprofit hospitals must provide detailed financial information, including income, expenses, and data related to their services. They may also need to disclose governance practices and compensation for key staff.
The purpose of nonprofit hospitals is to provide accessible, quality healthcare to communities, especially focusing on serving low-income and uninsured populations, rather than generating profits.
Nonprofit hospitals must report financial statements, details about programs and services, governance structures, compensation of officers, and any funding received from governmental sources.
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