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

F

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
82%92%92%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%102%101%
Program output ratio Program output ratio =
Program services /
Total revenue
78%94%93%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%-2%-1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
7%-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
1.1914.2012.95
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
2.3247.2542.58
 
Liquidity ratiosSector median20162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.750.000.00
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.150.000.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.100.250.28
 
Solvency ratiosSector median20162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%0%0%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
67%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