Shared Blessings Inc
Shared Blessings Inc maintains strong assets and low liabilities, with fluctuating revenue and no reported officer compensation.
EIN: 208936059 · Bonne Terre, MO · NTEE: L41 · Updated: 2026-03-28
Is Shared Blessings Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shared Blessings Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shared Blessings Inc
Shared Blessings Inc (EIN: 208936059) is a nonprofit organization based in Bonne Terre, MO, classified under NTEE code L41. The organization reported total revenue of $142K and total assets of $487K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shared Blessings Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Shared Blessings Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Shared Blessings Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Shared Blessings Inc consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated below IRS reporting thresholds, which is highly favorable for minimizing administrative overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Shared Blessings Inc's IRS 990 filings:
- Revenue volatility, with a significant drop from $291,020 in 2022 to $114,875 in 2023.
- Expenses ($135,662) exceeded revenue ($114,875) in 2023, resulting in a deficit for that year.
Strengths
The following positive indicators were identified for Shared Blessings Inc:
- Consistent asset growth, reaching $539,925 in 2023.
- Consistently low to zero liabilities, indicating strong financial management and low debt burden.
- 0% reported officer compensation across all filings, suggesting high program efficiency and volunteer leadership.
- Long history of IRS 990 filings (8 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Shared Blessings Inc
Is Shared Blessings Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Shared Blessings Inc (EIN: 208936059) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Shared Blessings Inc spend its money?
Shared Blessings Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Shared Blessings Inc tax-deductible?
Shared Blessings Inc is registered as a tax-exempt nonprofit (EIN: 208936059). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Shared Blessings Inc a good charity?
Based on the available IRS 990 data, Shared Blessings Inc appears to be a financially sound organization with strong assets ($539,925 in 2023) and consistently low to zero liabilities. The absence of reported officer compensation is a significant positive, suggesting a high dedication of resources to its mission rather than administrative salaries. While revenue fluctuates, the overall financial management, particularly the low debt, indicates a well-managed charity.
How has Shared Blessings Inc's financial health changed over time?
Shared Blessings Inc has shown consistent asset growth, from $368,709 in 2016 to $539,925 in 2023. Liabilities have significantly decreased from $43,454 in 2016 to $0 in recent years. Revenue has been volatile, peaking at $291,020 in 2022 and dropping to $114,875 in 2023, but the organization has generally managed expenses to maintain a strong asset base.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in all available IRS 990 filings, indicating that executive leadership is not compensated or is compensated below the IRS reporting threshold. This suggests a strong commitment to directing funds towards programs rather than administrative salaries.
Filing History
IRS 990 filing history for Shared Blessings Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Shared Blessings Inc's revenue has grown by 96.9%, moving from $58K to $115K. Total assets increased by 46.4% over the same period, from $369K to $540K. Total functional expenses rose by 168.9%, from $50K to $136K. In its most recent filing year (2023), Shared Blessings Inc reported a deficit of $21K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $115K | $136K | $540K | $0 | — | — |
| 2022 | $291K | $151K | $569K | $0 | — | — |
| 2021 | $97K | $95K | $405K | $2K | — | View 990 |
| 2020 | $154K | $69K | $402K | $964 | — | View 990 |
| 2019 | $76K | $88K | $317K | $1K | — | View 990 |
| 2018 | $90K | $89K | $329K | $1K | — | View 990 |
| 2017 | $80K | $79K | $334K | $7K | — | View 990 |
| 2016 | $58K | $50K | $369K | $43K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $115K, expenses of $136K, and assets of $540K (revenue -60.5% year-over-year).
- 2022: Revenue of $291K, expenses of $151K, and assets of $569K (revenue +200.0% year-over-year).
- 2021: Revenue of $97K, expenses of $95K, and assets of $405K (revenue -37.1% year-over-year).
- 2020: Revenue of $154K, expenses of $69K, and assets of $402K (revenue +103.3% year-over-year).
- 2019: Revenue of $76K, expenses of $88K, and assets of $317K (revenue -16.0% year-over-year).
- 2018: Revenue of $90K, expenses of $89K, and assets of $329K (revenue +12.4% year-over-year).
- 2017: Revenue of $80K, expenses of $79K, and assets of $334K (revenue +37.7% year-over-year).
- 2016: Revenue of $58K, expenses of $50K, and assets of $369K.
Data Sources and Methodology
This transparency report for Shared Blessings Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.