Overview
What is Sharity Ministries Inc?
Sharity Ministries Inc, a faith-based 501(c)(3) nonprofit organization based in Atlanta, Georgia, brings together individuals holding a shared set of religious beliefs to collectively support one another in managing their medical expenses. This initiative aligns with the biblical command in Galatians 6:2, which encourages believers to "bear one another's burdens." In 2020, the organization facilitated over $36 million in monthly financial gifts among its 21,941 member households, enabling them to address 90,433 medical sharing requests. Furthermore, Sharity Ministries donated $181,000 to various nonprofit charitable organizations within the United States.
Official website here: www.sharityministries.org
Is Sharity Ministries Inc legitimate?
Sharity Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sharity Ministries Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $297,269
For more financial information, click here
Official website here: www.sharityministries.org
What is the mission statement of Sharity Ministries Inc?
Sharity Ministries Inc is a non-profit organization that brings together individuals sharing a common set of religious beliefs, with a goal to voluntarily help each other cover medical expense burdens, thereby fulfilling the teachings of Christianity as stated in Galatians 6:2, "Bear one another's burdens, and so fulfill the law of Christ." In the year 2020, the organization facilitated the sharing of over $36 million in monthly financial gifts among 21,941 households, which collectively covered 90,433 medical sharing requests. Additionally, the organization donated $181,000 to other US-based charitable organizations. Through this communal endeavor, Sharity Ministries Inc fosters a sense of unity and compassion among its members, allowing them to help those in need during times of medical hardship.
Official website here: www.sharityministries.org
Who is the CEO of Sharity Ministries Inc?
William H Thead Iii is the Ceo of Sharity Ministries Inc. The CEO's salary of Sharity Ministries Inc is $140,192 and their total compensation is $140,192.
Official website here: www.sharityministries.org
What is the revenue of Sharity Ministries Inc?
Sharity Ministries Inc's revenue in 2020 was $129,043,524.
Official website here: www.sharityministries.org
Who are the executives of Sharity Ministries Inc and what are their salaries?
The average compensation at Sharity Ministries Inc during 2020 was $148,634. There are 2 employees at Sharity Ministries Inc.
Here are 6 key members and their salaries (Sharity Ministries Inc's CEO's salary is $140,192 and their total compensation is $140,192):
- Compensation: $166,154
- Related: $0
- Other: $0
- Compensation: $140,192
- Related: $0
- Other: $0
- Compensation: $18,000
- Related: $0
- Other: $0
- Compensation: $18,000
- Related: $0
- Other: $0
- Compensation: $18,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sharityministries.org
Where can I find the form 990 for Sharity Ministries Inc?
Sharity Ministries Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.sharityministries.org
Learn more at the official website: www.sharityministries.org
Mission Statement of Sharity Ministries Inc
Sharity Ministries Inc, a 501(C)(3) nonprofit charitable organization, is dedicated to uniting individuals with a shared set of religious beliefs. Through divine guidance, the organization facilitates a voluntary network of people to collectively bear one another's medical expense burdens, embodying the biblical commandment in Galatians 6:2, "Bear one another's burdens, and so fulfill the law of Christ."
In 2020, Sharity Ministries Inc successfully orchestrated the sharing of 36,348,434 dollars in monthly financial gifts among its 21,941 member households. These contributions came together to help cover 90,433 medical sharing requests, demonstrating a powerful testament to the collective strength and compassion of the group. Furthermore, the organization extended its generosity beyond its membership by donating 181,000 dollars to various other nonprofit charitable organizations within the United States.
Sharity Ministries Inc serves as a beacon of unity and support for its members, fostering a sense of community and fulfilling the religious obligation to care for one another during times of need. By facilitating the sharing of financial burdens, the organization not only alleviates the financial stress of its members but also strengthens their spiritual bonds. This selfless act of kindness and interconnectedness among people of faith epitomizes the essence of Sharity Ministries Inc.
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Impact
October, 2024
Sharity Ministries Inc has made a significant impact by fostering a community of individuals who share a common set of religious beliefs, encouraging them to support one another in times of medical need. Through its efforts, the organization has facilitated the sharing of over $36 million in monthly financial gifts among nearly 22,000 member households. This support has enabled the successful management of over 90,000 medical sharing requests, exemplifying a collective commitment to bearing one another's burdens.
In addition to directly assisting its members with medical expenses, Sharity Ministries has also contributed $181,000 to other charitable organizations across the United States, extending its influence beyond the immediate community. This approach not only helps individuals manage their healthcare costs but also promotes a spirit of generosity and mutual aid, reinforcing the values of compassion and community support. By embodying the biblical principle of Galatians 6:2, Sharity Ministries Inc actively fulfills its mission to care for others, creating a profound and lasting impact on the lives of many.
This information is meant to be a general summary of Sharity Ministries Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2020.
- Program Service Revenue: $129,043,524
- Gross Receipts: $129,043,524
Assets and Liabilities:
- Total Assets: $1,395,232
- Total Liabilities: $224,858
- Net Assets: $1,170,374
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHARE CONTRIBUTION
Revenue
$122,441,553
EXPENSE EXCEEDING SB ALLOCATI
Revenue
$4,495,745
ADROIT GROSS REVENUE
Revenue
$1,536,395
APPLICATION FEE REVENUE
Revenue
$501,595
RX VALET REVENUE
Revenue
$68,236
Organization Details
Founding Year
2018
Phone
(404) 400-1852Principal Officer
William H Thead Iii
Main Address
PO BOX 250069, ATLANTA, GA, 30328
Website
www.sharityministries.orgNTEE Category
Code: E31 - Health
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