South Shore Medical Center
143 Longwater Dr, Norwell, MA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $95,294,460 | $109,733,810 | -$29,245,054 |
| FY2024 | $86,229,755 | $98,323,618 | -$14,803,879 |
| FY2023 | $88,675,084 | $96,966,946 | -$2,710,717 |
| FY2022 | $81,798,241 | $88,534,021 | $5,581,145 |
| FY2021 | $83,043,739 | $86,994,299 | $12,316,925 |
| FY2020 | $76,015,365 | $82,094,954 | $13,267,485 |
| FY2019 | $75,074,000 | $78,966,624 | $7,347,074 |
| FY2018 | $68,032,833 | $70,879,286 | $3,739,698 |
| FY2017 | $69,477,526 | $77,073,235 | $586,151 |
| FY2016 | $89,722,726 | $101,580,108 | -$3,818,140 |
| FY2015 | $101,022,094 | $105,065,506 | $8,039,242 |
| FY2014 | $157,141,880 | $154,980,632 | $12,082,654 |
| FY2013 | $131,643,562 | $135,555,301 | $10,053,081 |
| FY2012 | $132,149,390 | $131,213,230 | $13,569,056 |
Form 990 filings
The returns filed by South Shore Medical Center (EIN 04-2297845), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $48,767 | <1% |
| Program service revenue | $84,867,207 | 89% |
| Other revenue | $10,378,486 | 11% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $95,896,301 | 87% |
| Management & general | $13,837,509 | 13% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 89% of total revenue in FY2025.
- Program services accounted for 87% of functional expenses, management & general 13%, and fundraising 0%.
- 87% of functional expenses went to program services in FY2025. That is higher than 49.4% of 176 Health Care organizations in MA.
- Net assets covered about -3.2 months of expenses at the end of the reporting year. That puts it in the 5th percentile among 620 Health Care organizations in MA.
- Total revenue was higher than 89.2% of 651 Health Care organizations in MA.
- Total revenue fell from $132,149,390 in FY2012 to $95,294,460 in FY2025. Revenue increased in 6 and decreased in 7 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 12 of 14 reported years (FY2013, FY2015, FY2016, FY2017, FY2018, FY2019, FY2020, FY2021, FY2022, FY2023, FY2024, FY2025).
- The highest revenue on record here is $157,141,880 in FY2014.
- Net assets declined from $13,569,056 to -$29,245,054 between FY2012 and FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
SOUTH SHORE MEDICAL CENTER CARES FOR PATIENTS COMPASSIONATELY AND EFFECTIVELY, WITH THE HIGHEST MEDICAL AND ETHICAL STANDARDS. WE BUILD A BETTER FUTURE FOR THE COMMUNITIES WE SERVE THROUGH TEACHING, LEADERSHIP IN HEALTH CARE INNOVATION AND PHILANTHROPY.
IRS status
| Ruling year | 2003 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E300 — Health Care (in MA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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