EconAir

Jane Addams' Hull House INTRODUCTION AND ISSUES Nonprofits are the third part of the American economy and society but discussed less often. About 1.6 million nonprofits accounted for about 12.3 million paid employees in 2016, more than 10.2% of the entire workforce. Nonprofits sold about $940 billion of goods and services in 2014, about 5.4% of GDP. Some of the goods and services of nonprofits are given away; they are considered transfer payments and not counted in GDP.  Total revenue, including imputed value of donated goods and services of nonprofits was $2.01 trillion in 2015, about equal to the total revenue of all state governments.  Employment and charitable giving data indicates that nonprofit revenue continues to grow. Private charitable giving in 2018 is expected to be around $410 billion. The average household's cash contribution is around  $2,100.    Have you ever: Gone to a private school or college? Enter...

Demolishing Hull House Property Tax-Exempt Status:   Case Study The town of Morristown, New Jersey has a lawsuit against Morristown Medical Center attempting to take away part of the hospital’s property-tax exemption.  Started as a small building providing free medical services to the poor, Morristown Medical Center is now part of a health conglomerate with revenue of $1.7 billion a year.  Much of its revenue comes from providing facilities for private doctors and managing ambulatory and testing services. The town won an earlier suit classifying part of the hospital’s operations as taxable.   If Morristown wins, the hospital will be liable to up to $3 million per year in property taxes.   Since the case is almost certain to go to the state supreme court, the nonprofit status of all hospitals in New Jersey with similar operations and relationships with doctors could be at risk.   The court’s ruling could potentially affect all nonprofits in...