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

Email:


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

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Christian Growth

CategoryRatingOverall rankSector rank
Overall efficiency rating566 of 81733 of 60
Fund acquisition rating609 of 81739 of 60
Resource allocation rating333 of 81728 of 60
Asset utilization rating564 of 81736 of 60

Financial ratios

Funding ratiosSector median20202019201820172016
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 ratiosSector median20202019201820172016
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 ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.121.141.481.581.811.83
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.392.583.324.543.604.07
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.082.954.917.186.537.47
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
11.011.681.090.750.980.82
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.090.600.921.321.021.21
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.241.650.19-0.54-0.03-0.34
 
Solvency ratiosSector median20202019201820172016
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
 
Assets20202019201820172016
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
 
Liabilities20202019201820172016
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 assets20202019201820172016
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
 
Revenue20202019201820172016
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
 
Expenses20202019201820172016
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 assets20202019201820172016
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

NameTitleCompensation
Hendrik HanegraaffPresident/CEO$302,190
Paul YoungEVP/COO/CFO/SEC$191,171
Kathy HanegraaffDir. 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


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