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.
|Name||Sector||Net assets||Total revenue|
|Andrew Wommack Ministries||Christian Growth||($22,118,000)||$51,632,079|
|Home School Legal Defense Association||Advocacy||($5,387,864)||$13,359,054|
|Arrow Child & Family Ministries||Adoption/Foster Care||($3,948,405)||$4,674,040|
|Group Cares||Community Development||($1,074,150)||$5,617,937|
|Sunday Breakfast Mission||Rescue Missions||($925,579)||$5,767,340|
|Trinity Rescue Mission||Rescue Missions||($548,583)||$1,263,039|
|YWAM Ships Kona||Foreign Missions||($380,317)||$14,151,032|
|Promise Keepers||Fellowship Evangelism||($351,644)||$2,210,322|