Shared Blessings Inc

Analysis

Shared Blessings Inc is a registered charity in United States, based in Bonne Terre, MO. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Shared Blessings Inc reported income of $115k and spending of $136k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $291k to $115k (-61%), an average of -60% a year. The sharpest change came in the year to December 2023, when income dropped by 61%. Over the whole period it spent 71% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Shared Blessings Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within MO. Charities of a similar size with the same main cause include Turnaround Inc ($115k), Crossroads Villas ($115k) and Allen Hearth Inc ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $37k. At year end it held assets of $540k against liabilities of $0, net assets of $540k. It reported 2 employees.