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Ministries With A Negative Net Worth

Editor’s Note: Below is a list of ministries in the MinistryWatch 1000 database that have a negative net worth. That means that the amount of their liabilities exceeds the value their assets.

In most but not all cases, a ministry with a negative net worth is in a precarious situation. It means that the organization has financial obligations – usually debt or accounts payable – that it doesn’t have the current ability to pay.

A negative net worth is not always an indication of future trouble. Organizations that operate in a frugal manner might intentionally refrain from accumulating assets, and a temporary dip into negative territory could be a natural consequence of such a strategy.

But even for these organizations, a negative net worth should be a temporary condition.

Donors should be wary of contributing to organizations with a negative net worth. They should, at a minimum, ask the organization why it has a negative net worth. They should also get assurances that the practices that created this situation have changed and that the organization is on a path toward improved fiscal health.

NameSectorNet assetsTotal revenue
Andrew Wommack MinistriesChristian Growth($22,118,000)$51,632,079
Nyack CollegeColleges/Universities($19,108,698)$39,991,642
Home School Legal Defense AssociationAdvocacy($5,387,864)$13,359,054
Arrow Child & Family MinistriesAdoption/Foster Care($3,948,405)$4,674,040
Village MissionsEvangelism($2,132,889)$7,337,957
Group CaresCommunity Development($1,074,150)$5,617,937
Sunday Breakfast MissionRescue Missions($925,579)$5,767,340
Trinity Rescue MissionRescue Missions($548,583)$1,263,039
YWAM Ships KonaForeign Missions($380,317)$14,151,032
Promise KeepersFellowship Evangelism($351,644)$2,210,322
Warren Cole Smith

Warren previously served as Vice President of WORLD News Group, publisher of WORLD Magazine, and Vice President of The Colson Center for Christian Worldview. He has more than 30 years of experience as a writer, editor, marketing professional, and entrepreneur. Before launching a career in Christian journalism 25 years ago, Smith spent more than seven years as the Marketing Director at PricewaterhouseCoopers.