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Nonprofit Hospital Community Benefits: Addressing Each Community's Unique Needs
This report specifically examines the benefits provided to communities by nonprofit hospitals and systems and reported to the IRS in Form 990 Schedule H.
340B Hospital Community Benefit Analysis
In 2020, the most recent year for which this information is available, tax-exempt hospitals participating in the 340B drug savings program provided $84.4B in total benefits to their communities. Total community benefits for 340B hospitals increased from $67.9 billion in 2019 to $84.4 billion in 2020, an over $16 billion or 25% increase, even in the midst of an unprecedented pandemic.
Results from 2020 Tax-Exempt Hospitals’ Schedule H Community Benefit Reports
Tax-exempt hospitals provided nearly $130 billion in total benefits to their communities in 2020 alone — the most recent year for which comprehensive data is available. This new report demonstrates that hospitals never retrenched during the pandemic, and, in fact, the amount of community benefit exceeded prior years by nearly $20 billion.
2022 340B Hospital Community Benefit Analysis
Tax-exempt hospitals are required to publicly report on the ways in which they improve the health of the communities they serve yearly through the IRS Form 990 Schedule H, which is publicly available. In 2019, the most recent year for which this information is available, tax-exempt hospitals participating in the 340B drug savings program provided $67.9B in total benefits to their communities.
2020 340B Hospital Community Benefit Analysis
Improving the health of their communities is at the heart of every hospital’s mission. Tax-exempt hospitals are required to publicly report on the ways in which they improve the health of the communities they serve yearly through the IRS Form 990 Schedule H, which is publicly available.
2021 340B Hospital Community Benefit Analysis
Tax-exempt hospitals are required to publicly report on the ways in which they improve the health of the communities they serve yearly through the IRS Form 990 Schedule H, which is publicly available. In 2018, the most recent year for which this information is available, tax-exempt hospitals participating in the 340B drug savings program provided $67.9B in total benefits to their communities.