Wisdom Center/Mike Murdock

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

This ministry has not been assigned a transparency grade.

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Evangelism

This ministry has not been rated.


Financial ratios

Funding ratiosSector median20162015
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 ratiosSector median20162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%92%92%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%102%101%
Program output ratio Program output ratio =
Program services /
Total revenue
79%94%93%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-2%-1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%-24%-16%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%8%8%
 
Investing ratiosSector median20162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.3014.2012.95
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.973.333.29
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.5047.2542.58
 
Liquidity ratiosSector median20162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
7.630.000.00
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.130.000.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
3.860.250.28
 
Solvency ratiosSector median20162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
12%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
 
Assets20162015
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
 
Liabilities20162015
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 assets20162015
Unrestricted$0$0
Temporarily restricted$0$0
Permanently restricted$0$0
Net assets$9,572$11,856
 
Revenues and expenses
 
Revenue20162015
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
 
Expenses20162015
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 assets20162015
Surplus (deficit)($2,282)($1,940)
Other changes in net assets$0$0
Total change in net assets($2,282)($1,940)

Response from ministry

No response has been provided by this ministry.


History


Program accomplishments


Needs