Christian Research Institute/CRI/Hank Hanegraaff 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 2/17/2021. To update the information in this column, please email: info@ministrywatch.com
Summary
Christian Research Institute, Inc. ("CRI") strives to defend historic Christianity against theological heresy. CRI provides carefully researched information and well-reasoned answers to equip people to intelligently represent it to people influenced by ideas and teachings that assault or undermine orthodox, biblical Christianity. CRI sponsors radio broadcasts, publications, and seminars. CRI responds to requests for information from the public in the defense of the Christian faith. The founder of CRI is Walter Martin. This organization is a Delaware nonprofit. Contributions to it are fully deductible to the extent allowed by the law.
Contact information
Mailing address:
P.O. Box 77333
Charlotte, NC 28271-7007
Website: www.equip.org
Phone: (704) 887-8200
Organization details
EIN: 226063412
CEO/President: Mr. Hank Hanegraaff
Chairman:
Board size: 5
Founder: Mr. Walter Martin
Year founded: 1960
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
Christian Research Institute, Inc. ("CRI") strives to defend historic Christianity against theological heresy. CRI provides carefully researched information and well-reasoned answers to equip people to intelligently represent it to people influenced by ideas and teachings that assault or undermine orthodox, biblical Christianity. CRI sponsors radio broadcasts, publications, and seminars. CRI responds to requests for information from the public in the defense of the Christian faith. The founder of CRI is Walter Martin. This organization is a Delaware nonprofit. Contributions to it are fully deductible to the extent allowed by the law.
Mission statement
CRI uses the following to communicate its mission:
To provide Christians worldwide with carefully researched information and well-reasoned answers that encourage them in their faith and equip them to intelligently represent it to people influenced by ideas and teachings that assault or undermine orthodox, biblical Christianity.
Statement of faith
CRI uses the following to express its doctrinal statement:
We believe that:
(1) The Holy Scriptures, comprised of the Old and New Testaments, are fully and verbally inspired by God and are therefore infallible in the original writings and completely trustworthy in all areas in which they speak. Their central salvation message and essential teachings are clear and accessible to all who follow the standard and self-evident rules of literary interpretation. They are therefore the supreme, unmediated, and final authority of faith and practice for every believer.
(2) There is only one eternal, almighty, and perfect God. Within the Being of this one true God exist three eternally distinct and coequal Persons: the Father, the Son, and the Holy Spirit. These three Persons are the one true God.
(3) Jesus Christ is the eternal Son of God, the Second Person of the Trinity, who took upon Himself human flesh through the miraculous conception by the Holy Spirit in the womb of the Virgin Mary. He who is true God became true man, uniting two natures in one person forever. Christ lived a perfect, sinless life, died on the cross as an atoning sacrifice for our sins, rose bodily from the dead, and ascended into Heaven where He now serves as our High Priest, our only Mediator. He will return bodily and visibly to the earth as King of kings and will judge every human being who has ever lived.
(4) The Holy Spirit is the eternal Third Person of the Triune God, the Regenerator and Sanctifier of the redeemed, the Bestower of spiritual fruit and gifts, and the abiding Advocate who empowers believers for godly living and service.
(5) In Adam human beings were created in the image of God (i.e., they share in a finite way the communicable attributes of God, including personality, spirituality, rationality, and morality). Through the fall of Adam that image of God in humanity has been defiled, although not eradicated. Every human being is radically corrupt and estranged from God. Human beings are condemned by God because of their descent into sin, both through their relationship to Adam and through individual choice. The desperate need of humanity is forgiveness of sins and consequent restoration of fellowship with God; yet humans remain totally unable to atone for and restore themselves.
(6) Jesus' death on the cross provided a penal substitutionary atonement for the sins of humanity. In salvation we are rescued from God's wrath by His unmerited grace alone, through faith alone, on account of Christ alone.
(7) Those who have received the free gift of salvation will live forever in the fellowship and Kingdom of God (heaven). Eternal, conscious punishment apart from the fellowship and Kingdom of God (hell) is the ultimate destiny of unredeemed humanity, Satan, and his entire angelic host.
(8) The Christian church, which is the body and bride of Christ, is composed of all persons who through saving faith in Jesus Christ have been regenerated by the Holy Spirit. Corporately and individually, its members strive to worship, serve, and glorify God through prayer and praise, diligent study and application of the Scriptures, evangelism, sanctified living, good works, and observance of the rites of baptism and the Lord's Supper. The ultimate mission of the church is the discipleship of all nations - not only the saving of souls (which is primary) but also bringing the gospel to bear on every aspect of life and thought - until the Lord returns.
Transparency grade
D
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Financial efficiency ratings
Sector: Christian Growth
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 566 of 817 | 33 of 60 |
| Fund acquisition rating | | 609 of 817 | 39 of 60 |
| Resource allocation rating | | 333 of 817 | 28 of 60 |
| Asset utilization rating | | 564 of 817 | 36 of 60 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 8% | 8% | 10% | 11% | 12% | 11% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 4% | 8% | 10% | 11% | 11% | 11% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 82% | 100% | 100% | 100% | 98% | 98% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 9% | 10% | 10% | 11% | 11% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 18% | 0% | 0% | 0% | 2% | 2% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 79% | 80% | 80% | 80% | 82% | 79% |
Spending ratio Spending ratio = Total expenses / Total revenue | 96% | 97% | 102% | 106% | 100% | 96% |
Program output ratio Program output ratio = Program services / Total revenue | 75% | 77% | 82% | 84% | 82% | 76% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 4% | 3% | -2% | -6% | 0% | 4% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 5% | 21% | -21% | -49% | 0% | 31% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 12% | 10% | 10% | 7% | 10% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.12 | 1.14 | 1.48 | 1.58 | 1.81 | 1.83 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.39 | 2.58 | 3.32 | 4.54 | 3.60 | 4.07 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.08 | 2.95 | 4.91 | 7.18 | 6.53 | 7.47 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 11.01 | 1.68 | 1.09 | 0.75 | 0.98 | 0.82 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.09 | 0.60 | 0.92 | 1.32 | 1.02 | 1.21 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.24 | 1.65 | 0.19 | -0.54 | -0.03 | -0.34 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 8% | 81% | 84% | 82% | 75% | 76% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 38% | 44% | 42% | 41% | 42% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 75% | 16% | 11% | 11% | 14% | 13% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $612,029 | $323,340 | $298,970 | $452,286 | $364,324 |
| Receivables, inventories, prepaids | $218,988 | $266,048 | $173,756 | $196,088 | $212,283 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $831,017 | $589,388 | $472,726 | $648,374 | $576,607 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $1,310,468 | $1,368,565 | $1,671,451 | $1,683,007 | $1,765,086 |
| Other long-term assets | $0 | $287 | $2,588 | $4,888 | $7,187 |
| Total long-term assets | $1,310,468 | $1,368,852 | $1,674,039 | $1,687,895 | $1,772,273 |
| Total assets | $2,141,485 | $1,958,240 | $2,146,765 | $2,336,269 | $2,348,880 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $462,350 | $489,045 | $559,539 | $566,053 | $550,328 |
| Other current liabilities | $32,377 | $54,033 | $66,659 | $94,077 | $148,971 |
| Total current liabilities | $494,727 | $543,078 | $626,198 | $660,130 | $699,299 |
| Debt | $816,809 | $856,004 | $901,393 | $946,639 | $991,122 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $427,737 | $241,315 | $234,148 | $156,148 | $84,643 |
| Total long-term liabilities | $1,244,546 | $1,097,319 | $1,135,541 | $1,102,787 | $1,075,765 |
| Total liabilities | $1,739,273 | $1,640,397 | $1,761,739 | $1,762,917 | $1,775,064 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Unrestricted | $0 | $317,843 | $385,026 | $573,352 | $573,816 |
| Temporarily restricted | $0 | $0 | $0 | $0 | $0 |
| Permanently restricted | $0 | $0 | $0 | $0 | $0 |
| Net assets | $402,212 | $317,843 | $385,026 | $573,352 | $573,816 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $2,529,613 | $2,827,355 | $3,201,635 | $4,156,756 | $4,390,667 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $234 | $62,719 | $453 | $899 | $749 |
| Other revenue | $5,606 | ($61,759) | $5,781 | $73,732 | $90,899 |
| Total other revenue | $5,840 | $960 | $6,234 | $74,631 | $91,648 |
| Total revenue | $2,535,453 | $2,828,315 | $3,207,869 | $4,231,387 | $4,482,315 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $1,953,768 | $2,316,579 | $2,708,337 | $3,458,991 | $3,394,441 |
| Management and general | $285,578 | $301,696 | $345,794 | $293,434 | $436,877 |
| Fundraising | $211,738 | $277,223 | $342,064 | $479,426 | $474,851 |
| Total expenses | $2,451,084 | $2,895,498 | $3,396,195 | $4,231,851 | $4,306,169 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | $84,369 | ($67,183) | ($188,326) | ($464) | $176,146 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $84,369 | ($67,183) | ($188,326) | ($464) | $176,146 |
Compensation
| Name | Title | Compensation |
| Hendrik Hanegraaff | President/CEO | $302,190 |
| Paul Young | EVP/COO/CFO/SEC | $191,171 |
| Kathy Hanegraaff | Dir. of Planning | $184,367 |
Compensation data as of: 6/30/2020
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 2/17/2021. To update the information below, please email: info@ministrywatch.com