Southcoast Health System Inc

Analysis

Southcoast Health System Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in November 2000, 26 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, Southcoast Health System Inc reported income of $32.4m and spending of $15.8m, leaving 51% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $20.7m to $32.4m (+56%), an average of +12% a year. The sharpest change came in the year to September 2020, when income rose by 74%. Over the whole period it spent 43% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Southcoast Health System Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Morovis Community Health Center Inc ($32.4m), Indiana Healthcare Physician Services Inc ($32.4m) and Texas Health Urgent Care ($32.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.9% and program service revenue 83% of the total. At year end it held assets of $259.2m against liabilities of $31.7m, net assets of $227.5m.