Shannon Clinic

Analysis

Shannon Clinic is a registered charity in United States, based in San Angelo, TX. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Shannon Clinic reported income of $270.7m and spending of $359.4m, spending 133% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $192.7m to $270.7m (+40%), an average of +8.9% a year. The sharpest change came in the year to September 2021, when income rose by 24%. Over the whole period it spent 128% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Shannon Clinic sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Swedish Edmonds ($270.3m), McLaren Northern Michigan ($271.6m) and McLaren Oakland ($270.0m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $12.8m (3.6% of expenses). Other salaries and wages came to $145.9m. At year end it held assets of $58.7m against liabilities of $58.6m, net assets of $120k. It reported 417 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.