Submitted by Safe-Pop2076 t3_ywaef0 in pittsburgh
enemy_of_your_enema t1_iwmr29q wrote
Reply to comment by Marchesa_07 in upmc by Safe-Pop2076
Nonprofits simply must reinvest any profits back into their organization, rather than give them out as dividends to owners or shareholders. US Steel, Alcoa, etc, do the latter, so they aren't nonprofits.
I believe there's also some kind of requirement for nonprofits to spend a certain amount of money on community benefits, which is broader than just charity care. I don't know if they adhere to that rule or not.
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