| ||||||
Balancing Uses and Sources of Charitable Funds |
||||||||||||||||||||||||||||||
|
From Urban Institute: Can a charity that provides education or healthcare and has no profits be "noncharitable"? The Senate Finance and House Ways and Means committees think those questions are so important that they have been examining whether and when nonprofit hospitals deserve tax exemption. This article suggests that the measurement tool that should be used to determine whether nonprofit organizations are "charitable" is the balance sheet. Many state and local governments have done likewise. And apart from any possible action of the IRS or Congress or state legislatures, Independent Sector and other institutions serving and monitoring charities have been giving increased attention to how charities can more effectively achieve their charitable purposes. I contend that there is one powerful tool that could be used by many nonprofit organizations to try to more effectively measure --- at least in one important respect --- whether they are "charitable" and, to some degree, the extent of their charitability.
|
| |||||||||||||||||||||||||||||
