Shared Blessings Inc

Analysis

Shared Blessings Inc is a registered charity in United States, based in McAlester, OK. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 $917k and spending of $864k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $651k to $917k (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shared Blessings Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within OK. Charities of a similar size with the same main cause include Wetzel County Center for Children and Families Inc ($917k), Tennessee Justice for Our Neighbors Inc ($917k) and Family Promise of Hall County Inc ($917k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 25% of the total. Other salaries and wages came to $325k. At year end it held assets of $1.2m against liabilities of $80k, net assets of $1.1m. It reported 16 employees.