Shannons Home

Analysis

Shannons Home is a registered charity in United States, based in Pelahatchie, MS. It received its IRS tax-exemption ruling in August 2019, 7 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, Shannons Home reported income of $117k and spending of $93k, leaving 20% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $68k to $117k (+73%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 43% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shannons Home sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within MS. Charities of a similar size with the same main cause include Good Neighbors Inc ($117k), Bless the Orphans Inc ($117k) and Meghans Mountain Charitablefoundation Inc ($117k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $194k against liabilities of $0, net assets of $194k.