South Shore Medical Center

Analysis

South Shore Medical Center is a registered charity in United States, based in Norwell, MA. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, South Shore Medical Center reported income of $88.7m and spending of $97.0m, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $75.1m to $88.7m (+18%), an average of +4.3% a year. Over the whole period it spent 107% 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 Medical Center sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Rockcastle County Hospital Inc ($88.6m), Morselife Home Care Inc ($88.7m) and March of Dimes Inc ($88.5m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 91% of the total. Compensation of current officers, directors and key employees was $592k (0.6% of expenses). Other salaries and wages came to $56.3m. At year end it held assets of $59.8m against liabilities of $62.5m, net assets of -$2.7m. It reported 768 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.