South Shore Health System Inc

Analysis

South Shore Health System Inc is a registered charity in United States, based in S Weymouth, MA. It received its IRS tax-exemption ruling in August 1935, 91 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, South Shore Health System Inc reported income of $163.8m and spending of $161.1m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.3m to $163.8m (+4858%), an average of +165% a year. The sharpest change came in the year to September 2023, when income rose by 23652%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, South Shore Health System Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Tidalhealth Atlantic Inc ($163.8m), St Marys Healthcare ($164.2m) and Lancaster General Medical Group ($163.6m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $71.3m against liabilities of $14.0m, net assets of $57.4m.