I'm aware of the ECFA. I don't imagine too many small churches are registered with them (as a guess). IHOP started as incredibly small, and has apparently grown quite a bit in the last couple of years. As I briefly mentioned, it looks as though they are preparing their website for posting financial reports. Only time will tell.
The prayer room alone costs approx. $1700 a day to fully operate (according to their website.) If that's accurate, we're talking about $620,500 a year, plus the rest of the organization's costs on top of that. I thought that sounded a little unlikely at first, but then I realized my own much smaller church's sanctuary costs around $50-$100 a day, especially with heating, A/C, and sound systems sucking out lots of electricity. Fortunately, we're not open 24/7. They have quite a larger setup going, and more features besides (like webstreaming and other broadcasts).
I also mentioned they were migrating from old accounting systems to new. I got that information from here: [
www.ihop.org] (item 25). Charitable donations appears to be the last thing getting moved over to new accounting systems.
You say he takes money from IHOP. What does that mean exactly? Are you referring to donations to IHOP, or revenue from sales of stuff? Mike makes quite a bit of money selling his books & DVDs - more than you might expect. I did a little math from my visit to the OneThing conference last December on one of the packages he was selling. Let's say the amount was decent for the timeframe, but not excessively bloated. Around $10,000 in a somewhat short time frame. Add that with other stuff he's selling, it's probably decent.
Anyway, I'm going to e-mail their financial department and see (hopefully) what their plans are. I never did get anything back from their generic e-mail address. I'd also like to bring up how FSM has a course on business that teaches, among other things, financial transparency, but IHOP has none itself. They might find that interesting, maybe even convicting (if they aren't already planning for it).