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New EY Analysis: Nonprofit Hospitals' Value To Communities Ten Times Their Federal Tax Exemption
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 comprehensive data is available. This represents an increase from $9 in benefits the prior year despite serving on the front lines of a once-in-a-century pandemic.
Tax-Exempt Hospitals Provided Nearly $130 Billion in Total Benefits to Their Communities
Even in the face of a once-in-a-century pandemic, all hospitals, regardless of ownership type, continued to provide a comprehensive range of benefits, programs and essential services to their communities.
New EY Analysis: Tax-Exempt Hospitals’ Community Benefits Nine Times Greater Than Value of Federal Tax Exemption
WASHINGTON (June 6, 2022) – Regardless of ownership type, size, and location, all hospitals provide a comprehensive range of benefits and essential services to their communities.