Southcoast Physicians Group Inc
Southcoast Physicians Group: Strong Revenue Growth, High Administrative Costs
EIN: 222703314 · New Bedford, MA · NTEE: E22 · Updated: 2026-04-04
Is Southcoast Physicians Group Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southcoast Physicians Group Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Southcoast Physicians Group Inc
Southcoast Physicians Group Inc (EIN: 222703314) is a nonprofit organization based in New Bedford, MA, classified under NTEE code E22. The organization reported total revenue of $308.5M and total assets of $163.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southcoast Physicians 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 Physicians Group Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 25%
- programs: 70%
- fundraising: 5%
According to IRS 990 filings, Southcoast Physicians Group Inc allocates its expenses as follows: admin: 25%, programs: 70%, fundraising: 5%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's scale and revenue, with no red flags identified in available filings.
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.
Red Flags
The following concerns were identified during AI analysis of Southcoast Physicians Group Inc's IRS 990 filings:
- Administrative expenses are a significant portion of the spending breakdown, warranting further investigation into operational efficiencies.
Strengths
The following positive indicators were identified for Southcoast Physicians Group Inc:
- Consistent revenue growth over the past several years indicates strong financial health and increasing impact.
- Healthy asset base of $163,040,939 provides financial stability and capacity for future initiatives.
Frequently Asked Questions about Southcoast Physicians Group Inc
Is Southcoast Physicians Group Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Southcoast Physicians Group Inc (EIN: 222703314) some concerns. Mission Score: 75/100. 1 red flag identified, 2 strengths noted.
How does Southcoast Physicians Group Inc spend its money?
Southcoast Physicians Group Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Southcoast Physicians Group Inc tax-deductible?
Southcoast Physicians Group Inc is registered as a tax-exempt nonprofit (EIN: 222703314). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Southcoast Physicians Group Inc do?
Southcoast Physicians Group Inc is a nonprofit organization in the Health Care sector, located in New Bedford, Massachusetts. It is classified under NTEE code E22.
How much revenue does Southcoast Physicians Group Inc have?
Southcoast Physicians Group Inc reported total revenue of $308,539,904. Based on 13 IRS 990 filings on record.
What are Southcoast Physicians Group Inc's total assets?
Southcoast Physicians Group Inc holds total assets of $163,040,939 as reported in IRS 990 filings.
Where is Southcoast Physicians Group Inc located?
Southcoast Physicians Group Inc is based in New Bedford, Massachusetts.
What is Southcoast Physicians Group Inc's EIN?
Southcoast Physicians Group Inc's Employer Identification Number (EIN) is 222703314. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Southcoast Physicians Group Inc?
Southcoast Physicians Group Inc is classified under NTEE code E22 (Health Care).
Is Southcoast Physicians Group Inc a registered 501(c)(3)?
Yes, Southcoast Physicians Group Inc is recognized as a tax-exempt organization by the IRS. EIN: 222703314.
Does Southcoast Physicians Group Inc file IRS Form 990?
Yes, Southcoast Physicians Group Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Southcoast Physicians Group Inc's revenue in 2023?
In the 202309 filing period, Southcoast Physicians Group Inc reported total revenue of $277,401,775, total expenses of $350,848,587, and net assets of $152,437,551.
Is Southcoast Physicians Group Inc's revenue growing or declining?
Southcoast Physicians Group Inc's revenue is growing. Revenue went from $263,776,064 (202209) to $277,401,775 (202309), a +5.2% change. Based on 13 filings on record.
What is Southcoast Physicians Group Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Southcoast Physicians Group Inc covers tax period 202309. It shows revenue of $277,401,775, expenses of $350,848,587, total assets of $152,437,551, and liabilities of $152,437,551.
How much does Southcoast Physicians Group Inc spend on programs vs administration?
Based on IRS 990 analysis, Southcoast Physicians Group Inc allocates approximately 70% of expenses to program services, 25% to administrative costs, and 5% to fundraising. Program spending is moderate relative to overhead.
Is Southcoast Physicians Group Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Southcoast Physicians Group Inc appears trustworthy. Mission Score: 75/100 (Good). 1 red flag identified. 2 strengths noted.
What are the red flags for Southcoast Physicians Group Inc?
The following concerns were identified: Administrative expenses are a significant portion of the spending breakdown, warranting further investigation into operational efficiencies.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Southcoast Physicians Group Inc's strengths?
Positive indicators for Southcoast Physicians Group Inc include: Consistent revenue growth over the past several years indicates strong financial health and increasing impact.. Healthy asset base of $163,040,939 provides financial stability and capacity for future initiatives.. These findings are derived from AI analysis of the organization's financial filings.
How does Southcoast Physicians Group Inc compensate executives?
Executive compensation appears reasonable given the organization's scale and revenue, with no red flags identified in available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization plan to manage its administrative overhead to maximize program spending efficiency?
While specific plans are not detailed in the provided data, the high administrative percentage suggests an area for potential optimization to free up more resources for direct program delivery.
Filing History
IRS 990 filing history for Southcoast Physicians Group Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Southcoast Physicians Group Inc's revenue has grown by 393.4%, moving from $56.2M to $277.4M. Total assets increased by 918.4% over the same period, from $15.0M to $152.4M. Total functional expenses rose by 481%, from $60.4M to $350.8M. In its most recent filing year (2023), Southcoast Physicians Group Inc reported a deficit of $73.4M, with expenses exceeding revenue. The organization holds $152.4M in liabilities against $152.4M in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $277.4M | $350.8M | $152.4M | $152.4M | — | — |
| 2022 | $263.8M | $331.1M | $115.1M | $115.1M | — | — |
| 2021 | $225.9M | $303.9M | $120.5M | $119.4M | — | View 990 |
| 2020 | $200.5M | $268.5M | $122.4M | $122.4M | — | — |
| 2019 | $207.4M | $267.0M | $83.5M | $63.3M | — | View 990 |
| 2018 | $198.8M | $258.0M | $81.8M | $66.6M | — | View 990 |
| 2017 | $179.8M | $257.6M | $70.1M | $64.4M | — | View 990 |
| 2016 | $178.3M | $242.5M | $75.3M | $48.8M | — | View 990 |
| 2015 | $171.1M | $233.7M | $77.3M | $39.3M | — | View 990 |
| 2014 | $127.5M | $193.5M | $75.5M | $46.1M | — | View 990 |
| 2013 | $125.3M | $136.8M | $42.6M | $32.1M | — | View 990 |
| 2012 | $78.0M | $87.1M | $32.8M | $27.0M | — | View 990 |
| 2011 | $56.2M | $60.4M | $15.0M | $12.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $277.4M, expenses of $350.8M, and assets of $152.4M (revenue +5.2% year-over-year).
- 2022: Revenue of $263.8M, expenses of $331.1M, and assets of $115.1M (revenue +16.8% year-over-year).
- 2021: Revenue of $225.9M, expenses of $303.9M, and assets of $120.5M (revenue +12.7% year-over-year).
- 2020: Revenue of $200.5M, expenses of $268.5M, and assets of $122.4M (revenue -3.3% year-over-year).
- 2019: Revenue of $207.4M, expenses of $267.0M, and assets of $83.5M (revenue +4.3% year-over-year).
- 2018: Revenue of $198.8M, expenses of $258.0M, and assets of $81.8M (revenue +10.5% year-over-year).
- 2017: Revenue of $179.8M, expenses of $257.6M, and assets of $70.1M (revenue +0.9% year-over-year).
- 2016: Revenue of $178.3M, expenses of $242.5M, and assets of $75.3M (revenue +4.2% year-over-year).
- 2015: Revenue of $171.1M, expenses of $233.7M, and assets of $77.3M (revenue +34.2% year-over-year).
- 2014: Revenue of $127.5M, expenses of $193.5M, and assets of $75.5M (revenue +1.7% year-over-year).
- 2013: Revenue of $125.3M, expenses of $136.8M, and assets of $42.6M (revenue +60.7% year-over-year).
- 2012: Revenue of $78.0M, expenses of $87.1M, and assets of $32.8M (revenue +38.7% year-over-year).
- 2011: Revenue of $56.2M, expenses of $60.4M, and assets of $15.0M.
Data Sources and Methodology
This transparency report for Southcoast Physicians 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.