US charities hit by health care costs.BALTIMORE -- Charities and other non-profits are paying a "silent tax" according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a report by Johns Hopkins Noun 1. Johns Hopkins - United States financier and philanthropist who left money to found the university and hospital that bear his name in Baltimore (1795-1873) Hopkins 2. Center for Civil Society Studies as part of its Nonprofit A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive. Nonprofits are also called not-for-profit corporations. Nonprofit corporations are created according to state law. Listening Post Project. It indicates that U.S. nonprofit organizations Nonprofit Organization An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well. Notes: Examples of non-profit organizations are charities, hospitals and schools. are being hit harder than most other enterprises by escalating health benefit costs. A nationwide sample of over 250 nonprofit agencies that serve children, the elderly, community development, and the arts, the Johns Hopkins survey documents exploding health benefit costs on U.S. charitable organizations This article is about charitable organizations. For other uses of the word charity, see Charity. A charitable organization (also known as a charity) is an organization with charitable purposes only. . To deal with these costs non-profits: * shifted more than 60% of costs onto their employees, * eliminated pay raises, * reduced other employee benefits in response to rising health benefits costs. According the study, health benefit costs are one of the attractions of working in a non-profit, as 93 percent of the organizations surveyed reported providing health insurance coverage for their employees, well above the average for private firms. 410-516-4363 |
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