Sharity Ministries Inc

Organization Overview

Sharity Ministries Inc is located in Atlanta, GA. The organization was established in 2018. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 12/2020, Sharity Ministries Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sharity Ministries Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2020, Sharity Ministries Inc generated $129.0m in total revenue. All expenses for the organization totaled $130.0m during the year ending 12/2020. While expenses have increased by 142.8% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, Sharity Ministries Inc has awarded 18 individual grants totaling $330,002. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THROUGH GOD'S GUIDANCE, BRING TOGETHER PEOPLE OF A COMMON SET OF RELIGIOUS BELIEFS FOR THE PURPOSE OF VOLUNTARILY SHARING ONE ANOTHER'S MEDICAL EXPENSE BURDENS AND SO FULFILL THE LAW OF CHRIST.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AS A 501(C)(3) NONPROFIT CHARITABLE ORGANIZATION, SHARITY MINISTRIES, INC, INC., ("ORGANIZATION") BROUGHT TOGETHER THOUSANDS OF PEOPLE WHO SHARE A COMMON SET OF BELIEFS FOR THE PURPOSE OF SHARING ONE ANOTHER'S MEDICAL EXPENSE BURDENS. THE ORGANIZATION UPHOLDS THE BIBLICAL COMMAND STATED IN GALATIANS 6:2 TO "BEAR ONE OTHER'S BURDENS, AND SO FULFILL THE LAW OF CHRIST." IN 2020, THE ORGANIZATION FACILITATED THE VOLUNTARY SHARING OF 36,348,434 IN MONTHLY FINANCIAL GIFTS AMONG ITS 21,941 MEMBER HOUSEHOLDS TO PAY FOR 90,433 MEDICAL SHARING REQUESTS. ADDITIONALLY, THE ORGANIZATION DONATED 181,000 TO OTHER NONPROFIT CHARITABLE ORGANIZATIONS IN THE U.S.


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Board, Officers & Key Employees

Name (title)Compensation
A Joseph Guarino III
President D
$166,154
William H Thead III
CEO
$140,192
Joseph J Handy
Treasuer Dir
$18,000
J Christopher Sizemore
Chairman Dir
$18,000
Stephen W Vault
Secretary Di
$18,000
Name Not Listed
Managing Dir
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Aliera Healthcare Inc
Management
$32,138,105
Baker Hostetler Llp
Legal Services
$1,824,784
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$129,043,524
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $129,043,524

Grants Awarded

Over the last fiscal year, Sharity Ministries Inc has awarded $181,002 in support to 4 organizations.

Grant RecipientAmount

FAITH DRIVEN LIFE CHURCH

PURPOSE: SPONSOR

$121,000

ATLANTA PARTNERS FOR EDUCATION

PURPOSE: SPONSOR

$50,000

SHELTERING ARMS

PURPOSE: SPONSOR

$5,001

KATE'S CLUB INC

PURPOSE: SPONSOR

$5,001
View Grant Profile

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Baycare Select Health Plans Inc
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$151,635,595
Memorial Health Partners Foundation Inc
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$111,915,603
Sharity Ministries Inc
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$129,043,524
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Georgia Medical Group Administrators Inc
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