Southcoast Physicians Group Inc
200 Mill Rd Ste 180, Fairhaven, MA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $337,488,438 | $416,723,831 | $0 |
| FY2024 | $308,535,976 | $381,816,948 | $0 |
| FY2023 | $277,401,775 | $350,848,587 | $0 |
| FY2022 | $263,776,064 | $331,147,797 | $0 |
| FY2021 | $225,877,511 | $303,861,013 | $1,039,183 |
| FY2020 | $200,490,793 | $268,464,870 | $0 |
| FY2019 | $207,370,917 | $266,989,539 | $20,193,861 |
| FY2018 | $198,790,373 | $258,029,459 | $15,221,990 |
| FY2017 | $179,849,184 | $257,638,820 | $5,711,076 |
| FY2016 | $178,266,214 | $242,486,869 | $26,444,011 |
| FY2015 | $171,052,196 | $233,691,724 | $38,063,012 |
| FY2014 | $127,452,885 | $193,510,669 | $29,402,540 |
| FY2013 | $125,309,403 | $136,799,255 | $10,498,623 |
| FY2012 | $77,964,783 | $87,105,022 | $5,866,439 |
Form 990 filings
The returns filed by Southcoast Physicians Group Inc (EIN 22-2703314), 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 listed sources |
|---|---|---|
| Contributions & grants | $88,321 | <1% |
| Program service revenue | $337,647,532 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $395,619,250 | 95% |
| Management & general | $21,104,581 | 5% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue was the largest of the listed revenue sources in FY2025.
- Program services accounted for 95% of functional expenses, management & general 5%, and fundraising 0%.
- 95% of functional expenses went to program services in FY2025. That is higher than 85.2% of 176 Health Care organizations in MA.
- Net assets covered about 0 months of expenses at the end of the reporting year. That puts it in the 10th percentile among 620 Health Care organizations in MA.
- Total revenue was higher than 94.8% of 651 Health Care organizations in MA.
- Total revenue rose from $77,964,783 in FY2012 to $337,488,438 in FY2025. Revenue increased in 12 and decreased in 1 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 14 of 14 reported years (FY2012, FY2013, FY2014, FY2015, FY2016, FY2017, FY2018, FY2019, FY2020, FY2021, FY2022, FY2023, FY2024, FY2025).
- Net assets declined from $5,866,439 to $0 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
SEE SCHEDULE OTO PROMOTE THE AVAILABILITY OF HIGH QUALITY MEDICAL SERVICES IN SERVICE AREAS COVERED BY SOUTHCOAST HEALTH SYSTEM, INC. (SHS) AND ITS TAX EXEMPT AFFILIATES.
IRS status
| Ruling year | 1987 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E22 — 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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