In order to maintain tax-exempt status, hospitals exempt under 501(c)(3) are required to conduct a Community Health Needs Assessment (CHNA) every three years. Failure to comply with the CHNA rules can result in $50,000 in excise taxes and potential loss of 501(c)(3) status. The requirements of the process are clearly defined by the IRS and require publicly reporting the findings on tax returns and its website.
While performing a CHNA can be a time-consuming process, it can also provide a hospital with meaningful information about the health issues important to its community members. Working with a professional can help ensure the hospital meets the IRS requirements while benefiting from meaningful interactions with the community.
Our professionals understand IRS requirements and recognize the public availability of the reporting. We have access to community health data and have developed tools to analyze and interpret the data to meet CHNA requirements while creating a report that is reader-friendly. We'll work with your hospital to develop a process that works for you and the community where you operate. We'll also use a process that meets the requirements and makes the best use of your time and money.
Contact us today to hear about our scalable approach at 800.280.0354.
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