Shared Blessings INC EIN 73-1527791

Shared Blessings INC

EIN  73-1527791 Public charity (501(c)(3)) McAlester, OK
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Size
$100K–1M
What they do
Provides clothing, food, and necessities for needy families in the McAlester area.
Leadership
Christi Shuler · Secretary
Money in and out
$774K revenue, $961K expenses
Bottom line
91% program efficiency

Provides clothing, food, and necessities for needy families in the McAlester area. For fiscal year 2024 it reported $774K in revenue, $961K in expenses, and $887K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$774K
Pt VIII · Ln 12
Total expenses
$961K
Pt IX · Ln 25
Net assets
$887K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$187K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.05 Fundraising $0.04
Program efficiency
91%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
4.2mo
months of highly liquid reserves at operating expense rate▼ -39% vs prior filing year
Surplus margin
-24%
revenue over expenses, this year▼ -516% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$774K
FY2024▼ -16%
Expenses
$961K
FY2024▲ +11%
Total assets
$968K
FY2024▼ -16%
Total liabilities
$81K
FY2024▲ +1%
Total revenue
$774K
Pt VIII · Ln 12
Total expenses
$961K
Pt IX · Ln 25
Net assets
$887K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$187K
Total assetsPt X · Ln 16$968K
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

3 program services account for $480K of program spending, described in the organization's own filed words · FY2024.
01

Food Pantry

Shared blessings provided 23,000 food boxes to people in need.

$178Kprogram expense
02

Nutrition Club

Shared blessings provided 32,000 bags of food for weekend lunches to approximately 1000 area children

$152Kprogram expense
03

Road Maps/Housing- provided undeserved/in need individuals by providing life coaching services and low cost housing for 14 families, including 17 children

$150Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CShared Blessings INC
EINHdr · item D73-1527791
Principal addressHdr · item CMcAlester, OK
WebsiteHdr · item Jwww.shareblessings.tv
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOK
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P29)
Ruling yearIRS BMFMar 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$403K · 52%
Program service revenue$238K · 31%
Other revenue$126K · 16%
Investment income$6K · 1%
Contributions & grants52%$403K
Program service revenue31%$238K
Other revenue16%$126K
Investment income1%$6K
Total revenueLn 12$774K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.05 Fundraising $0.04
Program services91%$873K
Management & general5%$50K
Fundraising4%$38K
Total functional expensesLn 25$961K

Balance Sheet

Part X · end of year
CashLn 1$340K
Total assetsLn 16$968K
Total liabilitiesLn 26$81K
Total net assetsLn 32$887K
Months of cash on handcomputed4.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $340K · Operating expenses/yr $961K
4.2 months
Where the money goes
Program services
Program services $873K · Total expenses $961K
91%
Management & General
Management & general $50K · Total expenses $961K
5%
Fundraising
Fundraising $38K · Total expenses $961K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $51K · Solicited contributions (3-yr avg) $509K
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $403K · Total revenue $774K
52%
Government reliance
Government grants — · Total revenue $774K
Earned-income share
Program service revenue $238K · Total revenue $774K
31%
Investment reliance
Investment income $6K · Total revenue $774K
+1%
Program self-sufficiency
Program service revenue $238K · Total expenses $961K
25%
Growth & trend
Revenue growth (YoY)
This year $774K · Prior year $917K
-16%
Revenue CAGR
FY2020 $801K · FY2024 $774K
-1%
Net-asset trend (YoY)
End of year $887K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $774K · Expenses $961K
-24%
Liabilities-to-Assets
Total liabilities — · Total assets $968K
Net-asset ratio
Net assets $887K · Total assets $968K
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $968K
0%
People & payroll
Highest Reported Total Compensation
Individual Christi Shuler · Reported title Secretary · Highest reported compensation $0 · Total expenses $961K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $362K · Total expenses $961K
38%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 5%
Fundraising cost ratio 9%
Revenue growth -16%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$10K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$774K revenue · viewing · ⤓ 990 PDF
FY2023$917K revenue · ⤓ 990 PDF
FY2022$804K revenue · ⤓ 990 PDF
FY2021$750K revenue · ⤓ 990 PDF
FY2020$801K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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