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Share Net Ministries

EIN 88-2741840 · Chesterfield, MO

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair57 out of 100GovernanceFair55 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • It reported loans to or from officers, directors or other insiders.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

TO EXPAND ACCESS TO HIGH COST MEDICATIONS FOR PEOPLE SUFFERING FROM COMPLEX MEDICAL CONDITIONS.

Income
$1.2 million
Spending
$1.0 million
Spent on programs
90%
Reserves
1.2 months of spending
Largest source of income
donations and private grants, 98%
Employees
3
Volunteers
0
Highest pay
$193,112, president/vice chairman

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 57 out of 100. Higher than 24% of charities in its peer group (religion, $1m to $10m).

  • Reserves

    10 of 35

    Spendable reserves would cover 1.2 months of spending.

  • Debt

    2 of 20

    It owes 77% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 13% of income.

  • Income trend

    15 of 15

    Income rose 106% on the year before.

  • Spending floor

    15 of 15

    90% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 55 out of 100. Higher than 27% of charities in its peer group (religion, $1m to $10m).

  • Independent board

    5 of 25

    0 of 3 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    0 of 10

    Reports at least one of: diversion of assets, excess benefits, loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $941,700 spent. SHARENET'S LIFELINE GRANT PROGRAM IS AN EXTENSION OF OUR MISSION TO HELP THOSE IN NEED OF MEDICAL CARE OUTSIDE THE CONFINES OF OUR SHARING MEMBERSHIP PROGRAM. THE LIFELINE GRANT PROGRAM OFFERS ASSISTANCE TO PEOPLE WHO SUFFER FROM TREATABLE RARE DISEASES THROUGH THE USE OF PRESCRIPTION MEDICATIONS AND WHO QUALIFY THROUGH OUR GRANT PROCESS. LIFELINE IS NOT LIMITED TO THOSE WHO ASCRIBE TO THE SHARENET STATEMENT OF BELIEFS. LIFELINE IS A HEALTHCARE ASSISTANCE PROGRAM FUNDED BY DONATIONS SUPPORTING INDIVIDUALS WHO SUFFER FROM RARE DISEASES. POTENTIAL RECIPIENTS OF THE GRANT PROGRAM ENCOUNTER MEDICAL HARDSHIPS STEMMING FROM A LOSS OF OR INADEQUATE HEALTH INSURANCE COVERAGE, PARTICULARLY IF THEY REQUIRE EXPENSIVE MEDICATIONS. TO ALLEVIATE THIS BURDEN, THE PROGRAM OFFERS GRANTS FOR PREMIUM AND OUT-OF-POCKET ASSISTANCE.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 2023.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.