Public charity status: can the organization pass the test?
To function properly, a parent corporation for a tax-exempt organization, such as a hospital, must obtain public charity status. The parent corporation can qualify as a public charity under one of four basic forms--the most common of which is the supporting organization. A parent corporation qualifies as a supporting organization using one of three tests. Unfortunately, none of these tests completely prove the parent corporation's status, so all must be considered with a careful eye. This article is the second in a three-part series analyzing new and important IRS developments affecting tax-exempt hospitals.
D002608:Charities / Q000331:legislation & jurisprudence*; D004469:Economics, Hospital; D005376:Financial Management / Q000331:legislation & jurisprudence*; D005377:Financial Management, Hospital / Q000331:legislation & jurisprudence*; D006739:Hospital Administration / Q000191:economics*; D006754:Hospital Restructuring / Q000191:economics*; D006788:Hospitals, Voluntary / Q000191:economics*; D013660:Taxes / Q000331:legislation & jurisprudence*; D014481:United States