South Shore Property Inc

Analysis

South Shore Property Inc is a registered charity in United States, based in S Weymouth, MA. It received its IRS tax-exemption ruling in April 1983, 43 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 Property Inc reported income of $6.0m and spending of $6.3m, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.7m to $6.0m (+4.1%), an average of +1.0% a year. 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 Property Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include VMSC Emergency Medical Services ($6.0m), Ocean State Research Institute Inc ($6.0m) and Iowa Jewish Senior Life Center ($6.0m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $59.1m against liabilities of $33.4m, net assets of $25.7m.