Andrew Wommack Ministries

Summary

Andrew teaches the truth of the Gospel with special emphasis on God's unconditional love, and the balance between grace and faith.


Contact information

Mailing address:
Andrew Wommack Ministries, Inc.
PO Box 3333
Colorado Springs, CO 80934-0934

Website: awmi.net

Phone: (719)635-2111

Email: info@awmi.net


Organization details

EIN: 840780017

CEO/President: Andrew Wommack

Chairman:

Board size: 0

Founder:

Year founded: 1979

Tax deductible: Yes

Fiscal year end:

Member of ECFA: No

Member of ECFA since:


Purpose


Mission statement

To teach the truth of the Gospel to the body of Christ throughout America and the world with special emphasis on God's unconditional love and the balance between grace and faith.


Statement of faith

We believe the Bible is inspired and empowered by God, infallible, and authoritative. We believe in one eternal God who exists as three separate persons; the Father, Son, and Holy Spirit. We believe Jesus Christ is the Son of God, born of a virgin, lived a sinless life as He walked among men, demonstrated the authority and power of God in works and speech, died on the cross, rose from the dead on the third day, and is now seated at the right hand of God having accomplished all that is necessary for man's salvation. We believe it is essential for man to repent of sin and by faith receive the finished work of Christ by confessing Him as Lord with his mouth and believing in his heart resulting in regeneration by the Holy Spirit. We believe the Holy Spirit is continuing the work He started at Pentecost empowering believers to live a godly life and continue in all the works of Jesus. We believe in the imminent return of Jesus and that those who have believed in Him will be resurrected to a heavenly dwelling in an incorruptible body, and those who do not believe will join Satan and his host in everlasting punishment. We believe the true Church is composed of all born-again believers in Christ, regardless of denominational affiliation. We believe all born-again believers have been commissioned to share the complete Gospel to all the world.

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Christian Growth

CategoryRatingOverall rankSector rank
Overall efficiency rating230 of 50020 of 54
Fund acquisition rating119 of 50016 of 54
Resource allocation rating145 of 50015 of 54
Asset utilization rating478 of 50050 of 54

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%4%7%8%7%7%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%4%6%6%6%6%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%99%84%82%87%84%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%5%7%8%8%7%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%1%16%18%13%16%
 
Operating ratiosMedian % for
all ministries in
MW database
20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%87%82%85%86%89%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%83%83%84%83%82%
Program output ratio Program output ratio =
Program services /
Total revenue
80%72%68%71%72%72%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%17%17%16%17%18%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%30%27%14%15%17%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%9%10%8%6%4%
 
Investing ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.190.800.980.610.650.66
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.5314.1911.0126.6817.167.25
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.3111.3210.8416.3211.144.78
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.120.410.570.380.531.81
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.102.421.752.601.870.55
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.41-1.51-0.83-1.18-0.941.13
 
Solvency ratiosMedian % for
all ministries in
MW database
20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%47%23%15%15%13%
Debt ratio Debt ratio =
Debt /
Total assets
0%30%7%5%4%5%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
70%66%78%139%131%133%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$1,867,668$2,904,599$1,981,329$2,971,647$6,401,484
Receivables, inventories, prepaids$1,347,747$1,452,220$679,832$613,034$599,465
Short-term investments$450,049$66,167$28,136$0$0
Other current assets$0$0$0$0$0
Total current assets$3,665,464$4,422,986$2,689,297$3,584,681$7,000,949
Long-term investments$0$6,234$6,256$74,634$72,419
Fixed assets$46,494,236$18,271,182$46,288,689$42,708,841$34,406,561
Other long-term assets$1,866,667$25,990,423$22,762,607$15,127,643$9,302,101
Total long-term assets$48,360,903$44,267,839$69,057,552$57,911,118$43,781,081
Total assets$52,026,367$48,690,825$71,746,849$61,495,799$50,782,030
 
Liabilities20182017201620152014
Payables and accrued expenses$8,872,659$5,806,823$4,944,283$4,911,437$2,485,213
Other current liabilities$0$1,950,282$2,043,667$1,794,888$1,378,325
Total current liabilities$8,872,659$7,757,105$6,987,950$6,706,325$3,863,538
Debt$15,576,978$3,510,701$3,754,641$2,389,776$2,534,387
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$15,576,978$3,510,701$3,754,641$2,389,776$2,534,387
Total liabilities$24,449,637$11,267,806$10,742,591$9,096,101$6,397,925
 
Net assets20182017201620152014
Unrestricted$24,888,885$33,607,552$60,181,587$51,465,035$39,451,402
Temporarily restricted$0$3,727,884$789,606$934,663$4,932,703
Permanently restricted$2,687,845$87,583$33,065$0$0
Net assets$27,576,730$37,423,019$61,004,258$52,399,698$44,384,105
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$49,378,874$48,746,239$42,829,306$41,664,847$34,481,445
Program service revenue$175,487$7,878,269$7,832,475$6,344,220$6,327,747
Membership dues$0$0$0$0$0
Investment income$32,876($3,404)($6,222)($55,517)$88,961
Other revenue$184,333$1,321,314$1,824,916$0$0
Total other revenue$392,696$9,196,179$9,651,169$6,288,703$6,416,708
Total revenue$49,771,570$57,942,418$52,480,475$47,953,550$40,898,153
 
Expenses20182017201620152014
Program services$35,960,072$39,554,542$37,117,080$34,415,447$29,614,445
Management and general$3,575,724$4,829,073$3,357,782$2,419,250$1,352,682
Fundraising$1,964,644$3,563,228$3,402,026$3,098,480$2,486,131
Total expenses$41,500,440$47,946,843$43,876,888$39,933,177$33,453,258
 
Change in net assets20182017201620152014
Surplus (deficit)$8,271,130$9,995,575$8,603,587$8,020,373$7,444,895
Other changes in net assets$0$0$0$0$0
Total change in net assets$8,271,130$9,995,575$8,603,587$8,020,373$7,444,895

Response from ministry

No response has been provided by this ministry.


History

It all began March 23, 1968. Andrew was born again at just eight years old. Although he avoided the rebellious phase often associated with adolescence, he believed that through his own righteousness, he could develop a relationship with the Lord. But then, on March 23, 1968, everything changed. Andrew realized that he had fallen into the bondage of legalism and self-righteousness, much like the Pharisees whom Jesus rebuked. Expecting the wrath of God to fall on him, Andrew was surprised to feel God's presence flood him with love instead. "God's love consumed me," he says. "When I was at my worst, God's love was the strongest." This encounter forever changed the way he saw God and put Andrew on a path to change the way others saw Him. However, shortly after, he was drafted into the Army and shipped to Vietnam. Despite how difficult and dangerous things were on the front lines, God used that time to ground Andrew in His Word, and he returned to America stronger in his walk than ever. Andrew submitted to the call of God to be a teacher of the Word. He and Jamie were married in 1972, and together they began teaching Bible studies. Over the next six years, they would pastor three small churches and complete their family with two sons, Joshua and Jonathan Peter. In 1976, Andrew broadcast his first Gospel Truth radio program on a little country-and-western station in Childress, Texas. By 1980, Andrew and Jamie had moved their ministry to the Colorado Springs area. Their vision had become even clearer: to teach the truth of the Gospel to the body of Christ throughout the United States and the world, with special emphasis on God's unconditional love and the balance between grace and faith. They were fulfilling that vision by traveling to speaking engagements, producing radio broadcasts, and distributing audio cassette tapes, which were provided at no cost to those who could not afford them. But God had much more in store for their ministry. In the early nineties, the Lord spoke to Andrew about starting a Bible college. He had put on his heart 2 Timothy 2:2, where Paul told Timothy to take the things he had learned and commit them to faithful men and women. Andrew believed that academics alone couldn't get the job done, and he was divinely shown that practical "on-the-job" training combined with Bible instruction would prepare his students for whatever God was calling them to do. After assembling a faculty of seasoned ministers and associates, Charis Bible College opened its doors in September 1994. Through Charis graduates, the ministry started seeing multiplied many times over the impact Andrew had been making on his own. Before the turn of the century, Andrew was still teaching on radio, but God led him to launch into television, telling him, "You're just now starting your ministry." Andrew would come to fully understand what the Lord meant, years later, as his television ministry has a potential reach of 3.2 billion people around the world today, far surpassing any goal he'd had up until that point. After going on television, the ministry saw an exponential increase in response. It became very apparent that Andrew needed a new building to accommodate a growing student body as well as an adequate call center and television studio. Then the Lord spoke to Andrew from Psalm 78:41 on January 31, 2002, that he had limited Him by his small thinking. Andrew repented of this and started enlarging his vision. In December of that same year, the ministry purchased a 110,000-square-foot facility that would support AWM and Charis for years. As the ministry continued to grow, so did the need for a new home for AWM and, particularly, Charis. In 2009, the supply came in the form of a 157-acre pristine piece of property in Woodland Park, Colorado. This time, Andrew would get to design and build the needed facilities on the ministry's own land! After purchasing the property, which is called The Sanctuary today, construction began on the facility for Charis. The faculty, staff, and students moved into that facility, The Barn, in January 2014. Charis shared use of The Barn with AWM for a variety of functions and events, but with the two branches of the ministry being headquartered in two different cities, there were collaborative challenges. In 2017, AWM's Woodland Park home came to the ministry as a 60,000-square-foot building on the property adjacent to The Sanctuary. Once acquired, renovations began on it immediately. While the ministry continued to develop strong roots in Woodland Park, it did not cease to reach out and bear much fruit. Today it is easier than ever to engage with AWM and Charis through multiple websites, television networks, events, and social media platforms. In September of 2018, during Andrew's fiftieth year in ministry, The Auditorium-the second facility built on The Sanctuary property-opened its doors. The Auditorium houses Charis's administration and hosts many of AWM's and Charis's Colorado events. One month later, AWM moved into its newly renovated facility in order to be headquartered in Woodland Park with Charis, maximizing the effectiveness of both. Today the ministry is progressing like never before, continuing to fulfill the vision God gave Andrew of going as far and as deep with the Gospel as possible.


Program accomplishments


Needs