Wisdom Center/Mike Murdock
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 1/17/2022. 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
Ruling year: 2003
Tax deductible: No
Fiscal year end:
Member of ECFA: No
Member of ECFA since:
Purpose
Our 7-Point Plan to Fulfill the Command of Christ
1. Focusing on the persuasion of divine existence and authority. (Psalm 95:6-7; Revelation 4:8-11)
2. Teaching the wisdom of God (the Bible - the priority in our life). (Deuteronomy 4:6; Psalm 119)
3. Encouraging Christians towards spiritual maturity. (Romans 12:1-2; 14:19; Hebrews 6:1-3)
4. Training and equipping Christians for a ministry to others. (Matthew 9:35-38; Ephesians 4:11-16)
5. Evangelizing the world for Christ. (Matthew 28:18-20; Acts 1:8)
6. Unleash faith for miracles of healing and restoration. (Matthew 18:18-19)
7. Sow seeds of wisdom for uncommon achievement and completion of a believer's divine assignment. (Proverbs 4:7; Romans 10:14-15)
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
1. We believe in one God, revealed as a Father, Son and Holy Spirit.
2. We believe in the absolute inspiration of The Holy Scriptures, given by The Holy Spirit without error, as He moved upon holy men of old. Furthermore, we believe that the church has no authority to establish doctrine or practice contrary to these same Scriptures.
3. We believe that man was made in the image of God and is the crown of creation. He is, prior to salvation, because of the fall, spiritually depraved and alienated from his Creator.
4. We believe that justification is by grace through faith in our Lord's sacrifice on Calvary, and that no one is justified by simply keeping the law.
5. We believe in water baptism, following conversion as commanded by Christ as a symbolic sign that the people of God are buried and resurrected with Christ.
6. We believe in the priesthood of the believer, that all people committed to Christ have direct access in prayer to God.
7. We believe that the baptism in The Holy Spirit is an endowment of power subsequent to conversion, given by God to anoint the believer for sanctification and evangelism. It is our understanding that the supernatural gifts of The Holy Spirit are active within the body until the coming of the Lord. Furthermore, we believe that the development of these gifts ought to be encouraged under the guidance of local church authorities.
8. We believe that Divine healing and Divine health are provided to every believer through the shed blood of our Lord Jesus Christ.
9. We believe that the callings of Apostle, Prophet, Evangelist, Pastor and Teacher are functional within the Body of Christ until the Lord's return. Furthermore, these ministries are gifts to the Church for the purpose of equipping the saints for the work of ministry, that the body of Christ be edified.
10. We believe in the literal second coming of our Lord, the literal rule of Christ upon the earth, the resurrection of the regenerated to eternal life and the unregenerated to eternal damnation, and the ultimate victory of the eternal kingdom of God.
Donor confidence score
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 | 94% | 102% | 101% |
Program output ratio Program output ratio = Program services / Total revenue | 77% | 94% | 93% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 6% | -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 | 1.18 | 14.20 | 12.95 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.51 | 3.33 | 3.29 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.14 | 47.25 | 42.58 |
| Liquidity ratios | Sector median | 2016 | 2015 |
Current ratio Current ratio = Total current assets / Total current liabilities | 6.60 | 0.00 | 0.00 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.14 | 0.00 | 0.00 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 3.94 | 0.25 | 0.28 |
| Solvency ratios | Sector median | 2016 | 2015 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 15% | 0% | 0% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 70% | 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 |
| Without donor restrictions | $0 | $0 |
| With donor restrictions | $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 1/17/2022. To update the information below, please email: info@ministrywatch.com