Charis Bible College
The information on this page was last updated 3/25/2026. If you see errors or omissions, please email: [email protected]
Summary
We train disciples in the uncompromising truth of God's Word, equipping them to fulfill their unique purpose through a powerful relationship with Jesus.
Contact information
Mailing address:
Charis Bible College
PO Box 3333
Colorado Springs, CO 80934
Website: www.charisbiblecollege.org
Phone: (844) 360-9577
Email: [email protected]
Organization details
EIN: 815070331
CEO/President: Andrew Wommack/Billy Epperhart
Chairman: Andrew Wommack
Board size: 3
Founder: Andrew Wommack
Ruling year: 2023
Tax deductible: Yes
Fiscal year end: 09/30
Member of ECFA: No
Member of ECFA since:
Purpose
Mission statement
We train disciples in the uncompromising truth of God's Word, equipping them to fulfill their unique purpose through a powerful relationship with Jesus.
Statement of faith
Tenets of Faith & Doctrine
1. Scripture. We believe the Bible, both the Old and New Testaments, is inspired and empowered by God, infallible, is our final authority in all matters of faith and practice, and is profitable for doctrine, reproof, correction, and instruction in righteousness (2 Timothy 3:16-17). We believe that the Biblical Scriptures do not simply contain the Word of God but are the Words of God that inherently possess His life and authority and bring faith, revelation, and healing to those who choose to receive (Matthew 4:4; Matthew 22:31; Romans 1:17; Romans 15:4; 2 Corinthians 4:13; Hebrews 10:7; Proverbs 4:20-22).
2. God. We believe in only one true and eternal God, one in essence, nature, and attributes, but who eternally exists in three separate persons: the Father, the Son, and the Holy Spirit (1 John 5:7).
3. Jesus. We believe in the deity of the Lord Jesus Christ as the Son of God, that He was born of a virgin, lived a sinless life on earth, demonstrated the authority and power of God in works and speech, died on the cross at Calvary shedding His blood for the forgiveness of our sins, 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 the salvation of mankind. We do not accept the doctrine that He is merely "a" way to the Father but rather believe that He is the only way through which we can receive righteousness, regeneration, sanctification, and glorification. He is, in fact, our salvation (1 Corinthians 1:30-31).
4. Salvation. We believe it is essential for mankind to repent of sin and by faith receive the finished works of Jesus Christ by confessing with one's mouth Jesus as Lord and believing in one's heart that God raised Him from the dead resulting in salvation and regeneration by the Holy Spirit (Acts 20:20-21; Romans 10:9-13; John 3:5-6). We believe that salvation is offered to all mankind by God's grace but is only effectual for those who believe (Ephesians 1:13). We reject the false doctrines of universalism, ultimate reconciliation, and inclusionism in their various forms.
5. Holy Spirit. We believe that the Holy Spirit is the Spirit of God and is God, coequal with the Father and the Son (Matthew 28:19; Acts 5:3-4; Acts 28:25-26; 1 Corinthians 12:4-6; 2 Corinthians 13:14). We believe the Holy Spirit is continuing the work He started at
Pentecost, empowering believers to live Godly lives and to continue in all the works of Jesus. We believe in the baptism of the Holy Spirit, expressed through speaking in tongues (Acts 1:8, 2:4, 9:17, 10:44-46; 11:15-16, 19:6). We believe this baptism is distinct from the new birth and can be received by faith (Galatians 3:2). We believe that spiritual gifts and manifestations of the Holy Spirit are available and active today for the common good and the building up of others (1 Corinthians 12:7). We do not accept the doctrine that the gifts of the Holy Spirit ceased.
6. The Second Coming of Christ and the Resurrection. We believe in a literal, physical, second return of the Lord Jesus Christ, that did not happen in A.D. 70 but is a future event (1 Thessalonians 1:10, 4:16-17; Matthew 24:30; Acts 1:11; Revelation 1:7). We believe Jesus' return is imminent and that upon His return 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 (Matthew 25:46; 1 Corinthians 15).
7. The Church. We believe the true Church is comprised of all born-again believers who have received salvation through Jesus Christ, regardless of denominational affiliation (Ephesians 1:22-23). We believe all born-again believers have been commissioned to share and proclaim the complete Gospel of Jesus Christ to all the world (Matthew 28:16-20).We also encourage fellowship with a local church (Hebrews 10:25).
8. Healing.We believe that the redemptive work of Jesus Christ on the cross has provided healing for the human body (Matthew 8:16-17; Isaiah 53:4; 1 Peter 2:24). We believe it is God's will for everyone who is sick or diseased to receive bodily healing by faith.
9. Marriage, Gender Identity, and Sexual Relations. We believe that God instituted marriage between male and female as the foundation of the family, the basic structure of human society (Genesis 2:24). Therefore, the Corporations shall only sanction or conduct marriages between one man and one woman as biologically designated at birth. God has commanded that no intimate sexual activity be engaged in other than in the context of marriage between a man and a woman (Genesis 19:5, 26:8-11; Leviticus 18:1-30; Romans 1:26-29; 1 Corinthians 5:1,6:9; 1 Thessalonians 4:1-8; Hebrews 13:4). God has wonderfully and immutably created each person as male or female and ordained each person individually to be one or the other as expressed biologically at birth. These two distinct, complementary genders together reflect the image and nature of God (Genesis 1:26-27). We reject the notion that other genders exist, outside of male and female, as well as the notion that a person can become, by any means, a gender other than that biologically designated at birth.
10. Sanctity of Life. We believe a unique human life bearing the image of God begins at the moment of conception. God alone is the Author of life and He alone numbers our days, from the moment of conception until natural death. Therefore, all human life is sacred from conception until natural death and every person possesses a God-given inalienable right to life. Every human life has inherent value, worth, and dignity because each person is made in His image. The Church must defend, protect, and value the weak, vulnerable, infirm, handicapped, elderly, and pre-born (Psalm 39:4, 127:3, 71:6, 139:14-16; Jeremiah 1:5; Luke 1:44; 1 Corinthians 11:12; Job 14:5-7; Galatians 1:5)
Donor confidence score
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Transparency grade
D
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Financial efficiency ratings
Sector: Colleges/Universities
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | 3 of 1435 | 1 of 155 | |
| Fund acquisition rating |  | 45 of 1435 | 11 of 155 |
| Resource allocation rating | | 63 of 1435 | 1 of 155 |
| Asset utilization rating | | 10 of 1436 | 1 of 155 |
This ministry has a negative net worth, making it impossible to assign it a valid financial efficiency rating.
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 13% | 4% | 13% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 2% | 4% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 15% | 42% | 33% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 1% | 2% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 85% | 58% | 67% |
| Operating ratios | Sector median | 2023 | 2022 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 94% | 87% |
Spending ratio Spending ratio = Total expenses / Total revenue | 96% | 138% | 204% |
Program output ratio Program output ratio = Program services / Total revenue | 81% | 130% | 177% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 4% | -38% | -104% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | 43% | 134% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 5% | 11% |
| Investing ratios | Sector median | 2023 | 2022 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.52 | 22.44 | 12.69 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.73 | 1.18 | 1.01 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.45 | 26.45 | 12.85 |
| Liquidity ratios | Sector median | 2023 | 2022 |
Current ratio Current ratio = Total current assets / Total current liabilities | 8.18 | 0.25 | 0.74 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.12 | 3.95 | 1.35 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.99 | -1.34 | -0.33 |
| Solvency ratios | Sector median | 2023 | 2022 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 20% | 1556% | 583% |
Debt ratio Debt ratio = Debt / Total assets | 10% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 148% | -65% | -38% |
Financials
| Balance sheet | ||
| Assets | 2023 | 2022 |
| Cash | ($695,950) | $812,948 |
| Receivables, inventories, prepaids | $813,759 | $689,284 |
| Short-term investments | $1,015,671 | $780,499 |
| Other current assets | $0 | $0 |
| Total current assets | $1,133,480 | $2,282,731 |
| Long-term investments | $0 | $0 |
| Fixed assets | $66,493 | $28,109 |
| Other long-term assets | $136,259 | $0 |
| Total long-term assets | $202,752 | $28,109 |
| Total assets | $1,336,232 | $2,310,840 |
| Liabilities | 2023 | 2022 |
| Payables and accrued expenses | $634,707 | $236,377 |
| Other current liabilities | $3,846,990 | $2,841,161 |
| Total current liabilities | $4,481,697 | $3,077,538 |
| Debt | $0 | $0 |
| Due to (from) affiliates | $0 | $0 |
| Other long-term liabilities | $16,314,686 | $10,397,053 |
| Total long-term liabilities | $16,314,686 | $10,397,053 |
| Total liabilities | $20,796,383 | $13,474,591 |
| Net assets | 2023 | 2022 |
| Without donor restrictions | ($22,710,604) | ($13,139,924) |
| With donor restrictions | $3,250,453 | $1,976,173 |
| Net assets | ($19,460,151) | ($11,163,751) |
| Revenues and expenses | ||
| Revenue | 2023 | 2022 |
| Total contributions | $9,030,170 | $4,687,863 |
| Program service revenue | $12,007,512 | $8,026,680 |
| Membership dues | $0 | $0 |
| Investment income | $152,637 | $15,633 |
| Other revenue | $492,970 | $1,672,121 |
| Total other revenue | $12,653,119 | $9,714,434 |
| Total revenue | $21,683,289 | $14,402,297 |
| Expenses | 2023 | 2022 |
| Program services | $28,104,286 | $25,562,930 |
| Management and general | $1,500,535 | $3,151,744 |
| Fundraising | $374,868 | $614,033 |
| Total expenses | $29,979,689 | $29,328,707 |
| Change in net assets | 2023 | 2022 |
| Surplus (deficit) | ($8,296,400) | ($14,926,410) |
| Other changes in net assets | $0 | $0 |
| Total change in net assets | ($8,296,400) | ($14,926,410) |
Compensation
| Name | Title | Compensation |
| Andrew Wommack | President | $451,110 |
| Billy Epperhart | CEO | $228,229 |
| Mike Pickett | VP | $114,281 |
| Greg Mohr | Ministry Ambassador | $102,223 |
Compensation data as of: 9/30/2023
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 3/25/2026. To update the information below, please email: [email protected]
History
In 1972, Andrew and Jamie were married and began teaching Bible studies together. Over the next six years, they pastored three small churches and had two sons, Joshua and Jonathan Peter. In 1976, Andrew broadcast his first Gospel Truth radio program, then founded Andrew Wommack Ministries in 1978. Before the turn of the century, God led Andrew to launch into television. "The Gospel Truth" aired its first program in January 2000 on the INSP network, with about 20 million subscribers. It was an instant hit.