Andrew Wommack Ministries Inc

Analysis

Andrew Wommack Ministries Inc is a registered charity in United States, based in Woodland Park, CO. It received its IRS tax-exemption ruling in May 1979, 47 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2020, Andrew Wommack Ministries Inc reported income of $49.4m and spending of $59.0m, spending 120% of what it took in. Across the 2 years on record, from September 2019 to September 2020, income fell from $51.6m to $49.4m (-4.4%), an average of -4.4% a year. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Andrew Wommack Ministries Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CO. Charities of a similar size with the same main cause include United Faith Ministries Inc ($49.3m), Bon Secours Mercy Health Foundation ($49.9m) and Yeshivat Darche Eres Inc ($48.4m).

On its Form 990 for the period ending September 2020, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $711k (1.2% of expenses). Other salaries and wages came to $14.7m. At year end it held assets of $3.7m against liabilities of $36.3m, net assets of -$32.6m. It reported 411 employees.