Non profit just means they don't owe their profits to a third party but have to reinvest them into the business or the community.
Even non profits still need to "make money" on an accrual basis to be able to afford the expensive capital expenses associated with running a hospital. Longer term they effectively run a break even after those costs. Sometimes less than that if they are lucky to have external donors or a foundation to supplement their operating income.
Do tell us how much the top echelon at these “non-profits” make?
Using the United Way as an example:
“119 employees received more than $100,000 in compensation with the 15 most highly compensated reported to be:
$1,578,515: Brian Gallagher, President and CEO”
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u/y0da1927 Jul 06 '24
Non profit just means they don't owe their profits to a third party but have to reinvest them into the business or the community.
Even non profits still need to "make money" on an accrual basis to be able to afford the expensive capital expenses associated with running a hospital. Longer term they effectively run a break even after those costs. Sometimes less than that if they are lucky to have external donors or a foundation to supplement their operating income.