Sheltered Workshop Insurance of Mo

Analysis

Sheltered Workshop Insurance of Mo is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in November 1993, 33 years ago. 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 December 2023, Sheltered Workshop Insurance of Mo reported income of $2.0m and spending of $1.3m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.0m (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sheltered Workshop Insurance of Mo sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within MO. Charities of a similar size with the same main cause include North Country Community College Foundation Inc ($2.0m), Pottawattamie Arts Culture & Entertainment ($2.0m) and Teays Valley Amanda Clearcreek SCH Dist Science Study Enrichment Prog ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. At year end it held assets of $6.6m against liabilities of $696k, net assets of $5.9m.