Southcoast Hospitals Group Inc
Southcoast Hospitals Group: Strong Revenue Growth, High Program Spending
EIN: 222592333 · New Bedford, MA · NTEE: E200 · Updated: 2026-04-04
Is Southcoast Hospitals Group Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southcoast Hospitals Group Inc directs 92% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Southcoast Hospitals Group Inc
Southcoast Hospitals Group Inc (EIN: 222592333) is a nonprofit organization based in New Bedford, MA, classified under NTEE code E200. The organization reported total revenue of $1.3B and total assets of $1.2B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southcoast Hospitals Group Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Southcoast Hospitals Group Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 4%
- programs: 92%
- fundraising: 4%
According to IRS 990 filings, Southcoast Hospitals Group Inc allocates its expenses as follows: admin: 4%, programs: 92%, fundraising: 4%. With 92% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation details are not explicitly provided in the summary data, requiring further investigation into their Form 990 filings for specific figures.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Southcoast Hospitals Group Inc:
- Consistently strong revenue growth, with 2023 revenue at $1,121,349,892.
- High percentage of spending dedicated to programs (92%), indicating a focus on mission delivery.
- Healthy asset base of $1,044,672,844 in 2023.
Frequently Asked Questions about Southcoast Hospitals Group Inc
Is Southcoast Hospitals Group Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Southcoast Hospitals Group Inc (EIN: 222592333) appears legitimate. Mission Score: 85/100. 0 red flags identified, 3 strengths noted.
How does Southcoast Hospitals Group Inc spend its money?
Southcoast Hospitals Group Inc directs 92% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Southcoast Hospitals Group Inc tax-deductible?
Southcoast Hospitals Group Inc is registered as a tax-exempt nonprofit (EIN: 222592333). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Southcoast Hospitals Group Inc do?
Southcoast Hospitals Group Inc is a nonprofit organization in the Health Care sector, located in New Bedford, Massachusetts. It is classified under NTEE code E200.
How much revenue does Southcoast Hospitals Group Inc have?
Southcoast Hospitals Group Inc reported total revenue of $1,287,472,657. Based on 13 IRS 990 filings on record.
What are Southcoast Hospitals Group Inc's total assets?
Southcoast Hospitals Group Inc holds total assets of $1,158,657,361 as reported in IRS 990 filings.
Where is Southcoast Hospitals Group Inc located?
Southcoast Hospitals Group Inc is based in New Bedford, Massachusetts.
What is Southcoast Hospitals Group Inc's EIN?
Southcoast Hospitals Group Inc's Employer Identification Number (EIN) is 222592333. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Southcoast Hospitals Group Inc?
Southcoast Hospitals Group Inc is classified under NTEE code E200 (Health Care).
Is Southcoast Hospitals Group Inc a registered 501(c)(3)?
Yes, Southcoast Hospitals Group Inc is recognized as a tax-exempt organization by the IRS. EIN: 222592333.
Does Southcoast Hospitals Group Inc file IRS Form 990?
Yes, Southcoast Hospitals Group Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Southcoast Hospitals Group Inc's revenue in 2023?
In the 202309 filing period, Southcoast Hospitals Group Inc reported total revenue of $1,121,349,892, total expenses of $1,034,147,962, and net assets of $1,044,672,844.
Is Southcoast Hospitals Group Inc's revenue growing or declining?
Southcoast Hospitals Group Inc's revenue is growing. Revenue went from $1,019,838,643 (202209) to $1,121,349,892 (202309), a +10.0% change. Based on 13 filings on record.
What is Southcoast Hospitals Group Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Southcoast Hospitals Group Inc covers tax period 202309. It shows revenue of $1,121,349,892, expenses of $1,034,147,962, total assets of $1,044,672,844, and liabilities of $447,080,206.
How much does Southcoast Hospitals Group Inc spend on programs vs administration?
Based on IRS 990 analysis, Southcoast Hospitals Group Inc allocates approximately 92% of expenses to program services, 4% to administrative costs, and 4% to fundraising. This indicates strong program focus.
Is Southcoast Hospitals Group Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Southcoast Hospitals Group Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Southcoast Hospitals Group Inc's strengths?
Positive indicators for Southcoast Hospitals Group Inc include: Consistently strong revenue growth, with 2023 revenue at $1,121,349,892.. High percentage of spending dedicated to programs (92%), indicating a focus on mission delivery.. Healthy asset base of $1,044,672,844 in 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does Southcoast Hospitals Group Inc compensate executives?
Executive compensation details are not explicitly provided in the summary data, requiring further investigation into their Form 990 filings for specific figures. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Southcoast Hospitals Group manage to maintain such a high program spending ratio while also achieving consistent revenue growth?
The consistent revenue growth, reaching over $1.1 billion in 2023, likely provides a robust financial foundation that allows for significant investment in programs without compromising operational stability. Efficient administrative and fundraising costs also contribute to maximizing program allocation.
Filing History
IRS 990 filing history for Southcoast Hospitals Group Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Southcoast Hospitals Group Inc's revenue has grown by 64.4%, moving from $682.1M to $1.1B. Total assets increased by 39% over the same period, from $751.7M to $1.0B. Total functional expenses rose by 62.6%, from $636.0M to $1.0B. In its most recent filing year (2023), Southcoast Hospitals Group Inc reported a surplus of $87.2M, with revenue exceeding expenses. The organization holds $447.1M in liabilities against $1.0B in assets (debt-to-asset ratio: 42.8%), resulting in net assets of $597.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.1B | $1.0B | $1.0B | $447.1M | — | View 990 |
| 2022 | $1.0B | $981.0M | $991.2M | $449.1M | — | View 990 |
| 2021 | $959.6M | $889.3M | $1.3B | $568.6M | — | View 990 |
| 2020 | $936.8M | $839.0M | $1.2B | $550.2M | — | View 990 |
| 2019 | $897.3M | $822.7M | $965.4M | $390.1M | — | View 990 |
| 2018 | $852.0M | $777.6M | $958.2M | $401.7M | — | View 990 |
| 2017 | $814.4M | $763.5M | $948.4M | $400.1M | — | View 990 |
| 2016 | $830.1M | $752.6M | $927.3M | $405.4M | — | View 990 |
| 2015 | $837.1M | $741.9M | $944.3M | $446.6M | — | View 990 |
| 2014 | $743.2M | $688.5M | $892.8M | $388.9M | — | View 990 |
| 2013 | $723.0M | $699.5M | $936.9M | $411.6M | — | View 990 |
| 2012 | $704.4M | $655.1M | $828.0M | $339.4M | — | View 990 |
| 2011 | $682.1M | $636.0M | $751.7M | $340.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1B, expenses of $1.0B, and assets of $1.0B (revenue +10.0% year-over-year).
- 2022: Revenue of $1.0B, expenses of $981.0M, and assets of $991.2M (revenue +6.3% year-over-year).
- 2021: Revenue of $959.6M, expenses of $889.3M, and assets of $1.3B (revenue +2.4% year-over-year).
- 2020: Revenue of $936.8M, expenses of $839.0M, and assets of $1.2B (revenue +4.4% year-over-year).
- 2019: Revenue of $897.3M, expenses of $822.7M, and assets of $965.4M (revenue +5.3% year-over-year).
- 2018: Revenue of $852.0M, expenses of $777.6M, and assets of $958.2M (revenue +4.6% year-over-year).
- 2017: Revenue of $814.4M, expenses of $763.5M, and assets of $948.4M (revenue -1.9% year-over-year).
- 2016: Revenue of $830.1M, expenses of $752.6M, and assets of $927.3M (revenue -0.8% year-over-year).
- 2015: Revenue of $837.1M, expenses of $741.9M, and assets of $944.3M (revenue +12.6% year-over-year).
- 2014: Revenue of $743.2M, expenses of $688.5M, and assets of $892.8M (revenue +2.8% year-over-year).
- 2013: Revenue of $723.0M, expenses of $699.5M, and assets of $936.9M (revenue +2.6% year-over-year).
- 2012: Revenue of $704.4M, expenses of $655.1M, and assets of $828.0M (revenue +3.3% year-over-year).
- 2011: Revenue of $682.1M, expenses of $636.0M, and assets of $751.7M.
Data Sources and Methodology
This transparency report for Southcoast Hospitals Group Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.