Shannon Business Services Inc

Analysis

Shannon Business Services Inc is a registered charity in United States, based in San Angelo, TX. It received its IRS tax-exemption ruling in December 2004, 22 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 Business Services Inc reported income of $20.0m and spending of $21.2m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $16.3m to $20.0m (+23%), an average of +5.3% a year. The sharpest change came in the year to September 2020, when income dropped by 36%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Shannon Business Services Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Boston Home Inc ($20.0m), Sam Schmidt Foundation ($20.0m) and Medic Inc ($20.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.1% and program service revenue 96% of the total. Other salaries and wages came to $4.4m. At year end it held assets of $8.1m against liabilities of $277k, net assets of $7.8m.