Shannon Real Estate Services

Analysis

Shannon Real Estate Services is a registered charity in United States, based in San Angelo, TX. It received its IRS tax-exemption ruling in June 2006, 20 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Shannon Real Estate Services reported income of $10.3m and spending of $5.3m, leaving 49% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.6m to $10.3m (+34%), an average of +7.6% a year. The sharpest change came in the year to September 2023, when income rose by 25%. Over the whole period it spent 48% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Shannon Real Estate Services sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Ohio State Dental Faculty Practice Inc - John R Kalmar DMD PHD ($10.3m), Make a Wish Foundation of Arizona Inc ($10.3m) and Eastern Maine Healthcare Systems ($10.2m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 102% of the total. At year end it held assets of $101.4m against liabilities of $130k, net assets of $101.3m.