Wisdom Center/Mike Murdock
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 12/22/2020. To update the information in this column, please email: info@ministrywatch.com
Summary
The Wisdom Center promotes the content of televangelist Mike Murdock.
Contact information
Mailing address:
The Wisdom Center
4051 Denton Hwy
Ft. Worth, TX 76117
Website: www.thewisdomcenter.tv/
Phone: (817) 759-0300
Email: DrMurdock@TheWisdomCenter.tv
Organization details
EIN: 752552468
CEO/President: Deborah Johnson
Chairman:
Board size: 0
Founder: Mike Murdock
Year founded: 2003
Tax deductible: No
Fiscal year end:
Member of ECFA: No
Member of ECFA since:
Purpose
Mission statement
To perform religious, charitable and educational activities within the meaning of Internal Revenue Code Section 501 (c) (3), as amended.
Statement of faith
Transparency grade
F
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Evangelism
This ministry has not been rated.
Financial ratios
| Funding ratios | Sector median | 2016 | 2015 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 0% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 96% | 100% | 100% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 0% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 4% | 0% | 0% |
| Operating ratios | Sector median | 2016 | 2015 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 92% | 92% |
Spending ratio Spending ratio = Total expenses / Total revenue | 91% | 102% | 101% |
Program output ratio Program output ratio = Program services / Total revenue | 78% | 94% | 93% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 9% | -2% | -1% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 8% | -24% | -16% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 8% | 8% |
| Investing ratios | Sector median | 2016 | 2015 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.30 | 14.20 | 12.95 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.64 | 3.33 | 3.29 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.43 | 47.25 | 42.58 |
| Liquidity ratios | Sector median | 2016 | 2015 |
Current ratio Current ratio = Total current assets / Total current liabilities | 6.51 | 0.00 | 0.00 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.15 | 0.00 | 0.00 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 3.86 | 0.25 | 0.28 |
| Solvency ratios | Sector median | 2016 | 2015 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 14% | 0% | 0% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 65% | 7% | 8% |
Financials
| Balance sheet | ||
| Assets | 2016 | 2015 |
| Cash | $2,877 | $3,607 |
| Receivables, inventories, prepaids | $0 | $0 |
| Short-term investments | $0 | $0 |
| Other current assets | $0 | $0 |
| Total current assets | $2,877 | $3,607 |
| Long-term investments | $0 | $0 |
| Fixed assets | $6,695 | $8,249 |
| Other long-term assets | $0 | $0 |
| Total long-term assets | $6,695 | $8,249 |
| Total assets | $9,572 | $11,856 |
| Liabilities | 2016 | 2015 |
| Payables and accrued expenses | $0 | $0 |
| Other current liabilities | $0 | $0 |
| Total current liabilities | $0 | $0 |
| Debt | $0 | $0 |
| Due to (from) affiliates | $0 | $0 |
| Other long-term liabilities | $0 | $0 |
| Total long-term liabilities | $0 | $0 |
| Total liabilities | $0 | $0 |
| Net assets | 2016 | 2015 |
| Unrestricted | $0 | $0 |
| Temporarily restricted | $0 | $0 |
| Permanently restricted | $0 | $0 |
| Net assets | $9,572 | $11,856 |
| Revenues and expenses | ||
| Revenue | 2016 | 2015 |
| Total contributions | $133,650 | $151,643 |
| Program service revenue | $0 | $0 |
| Membership dues | $0 | $0 |
| Investment income | $0 | $0 |
| Other revenue | $0 | $0 |
| Total other revenue | $0 | $0 |
| Total revenue | $133,650 | $151,643 |
| Expenses | 2016 | 2015 |
| Program services | $125,165 | $141,545 |
| Management and general | $10,767 | $12,038 |
| Fundraising | $0 | $0 |
| Total expenses | $135,932 | $153,583 |
| Change in net assets | 2016 | 2015 |
| Surplus (deficit) | ($2,282) | ($1,940) |
| Other changes in net assets | $0 | $0 |
| Total change in net assets | ($2,282) | ($1,940) |
Compensation
Compensation data for this ministry has not been collected.
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 12/22/2020. To update the information below, please email: info@ministrywatch.com