South Shore Hospital Inc

Analysis

South Shore Hospital Inc is a registered charity in United States, based in S Weymouth, MA. It received its IRS tax-exemption ruling in November 1982, 44 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, South Shore Hospital Inc reported income of $828.5m and spending of $822.4m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $664.4m to $828.5m (+25%), an average of +5.7% a year. Over the whole period it spent 99% 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 Hospital Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MA. Charities of a similar size with the same main cause include Wa Foote Memorial Hospital ($828.1m), SSM Health Care of Wisconsin Inc ($830.6m) and Presence St Marys Hospital Presence Central and Suburban Hospitals Net ($825.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $5.8m (0.7% of expenses). Other salaries and wages came to $414.7m. At year end it held assets of $656.0m against liabilities of $307.6m, net assets of $348.3m. It reported 5,953 employees.