Hospital Loses its Section 501(c)(3) Status Due to Noncompliance with Section 501(r)

The IRS recently issued a Private Letter Ruling (the “PLR”) revoking a hospital organization’s section 501(c)(3) status for failing to comply with the section 501(r) requirements. In what may be a sign of things to come, the PLR serves as a reminder...
By: Bracewell LLP