Seacoast Affiliated Group Practice Inc

Analysis

Seacoast Affiliated Group Practice Inc is a registered charity in United States, based in Charlestown, MA. It received its IRS tax-exemption ruling in February 2002, 24 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, Seacoast Affiliated Group Practice Inc reported income of $13.0m and spending of $18.0m, spending 139% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $16.6m to $13.0m (-22%), an average of -6.0% a year. The sharpest change came in the year to September 2020, when income dropped by 17%. Over the whole period it spent 124% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Seacoast Affiliated Group Practice Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Kennedy Health Facilities Inc ($13.0m), Ne Behavioral Health Inc ($13.0m) and Alzheimers Disease Data Initiative Inc ($13.0m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.0m (5.6% of expenses). Other salaries and wages came to $10.1m. At year end it held assets of $4.4m against liabilities of $14.7m, net assets of -$10.4m. It reported 116 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.