Shannon Medical Management

Analysis

Shannon Medical Management is a registered charity in United States, based in San Angelo, TX. It received its IRS tax-exemption ruling in August 2009, 17 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 (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Shannon Medical Management reported income of $99.8m and spending of $95.3m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $64.5m to $99.8m (+55%), an average of +12% a year. The sharpest change came in the year to September 2021, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Shannon Medical Management sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Servicenet Inc ($99.6m), Amego Inc ($99.8m) and Queens North Hawaii Community Hospital ($99.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.2m (1.3% of expenses). Other salaries and wages came to $54.2m. At year end it held assets of $602k against liabilities of $5.8m, net assets of -$5.2m. It reported 1,576 employees.