World Compassion Terry Law Ministries

Summary

World Compassion Terry Law Ministries (WCTLM) is a non-denominational, faith-based international organization. It was founded by Dr. Terry Law in 1969 to assist churches in meeting the physical and spiritual needs of people in their communities. Dr. Law feels strongly that the calling of the organization is to areas of the earth where most men fear going due to political, religious and/or economic instability.


Contact information

Mailing address:
P.O. Box 92
Tulsa, OK 74101-0092

Website: www.worldcompassion.tv

Phone: (918) 492-2858

Email: info@worldcompassion.tv


Organization details

EIN: 730934739

CEO/President: Mr. Jason Law

Chairman: Mr. Terry Law

Board size: 8

Founder: Mr. Terry Law

Year founded: 1969

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2010


Purpose

World Compassion Terry Law Ministries (WCTLM) is a non-denominational, faith-based international organization. It was founded by Dr. Terry Law in 1969 to assist churches in meeting the physical and spiritual needs of people in their communities. Dr. Law feels strongly that the calling of the organization is to areas of the earth where most men fear going due to political, religious and/or economic instability.

WCTLM adheres to eight core values. These core values are the essential standards that direct World Compassion's ministry deeds. The core values are their reason for existence and each member strives to achieve them in their personal as well as professional lives.

  • We are Christian.
  • We are committed to people in need.
  • We value relationships.
  • We are trustworthy stewards of God's resources.
  • We work in cooperation with other organizations.
  • We are quick to respond to a need.
  • We value a single life coming to faith whether through evangelism or humanitarian efforts.
  • We must share God's concern for justice and reconciliation and for the liberation of men, women and children from every kind of oppression.
  • We adhere to Romans 15:20-21 which says, "It has always been my ambition to preach the gospel where Christ was not known, so that I would not be building on someone else's foundation. Rather, as it is written: 'Those who were not told about him will see, and those who have not heard will understand."

Mission statement

World Compassion Terry Law Ministries uses the following to express its mission:

World Compassion Terry Law Ministries is a global alliance of Christians whose mission is to go with the Gospel of Jesus Christ to nations that are difficult to access, working with the oppressed and disadvantaged to support the physical and spiritual transformation of lives.


Statement of faith

WCTLM uses the following to express its Statement of Faith:

We believe the Bible to be the inspired, the only infallible, authoritative Word of God. We believe that there is one God, eternally existent in three persons: Father, Son and Holy Spirit. We believe in the deity of our Lord Jesus Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father, and in His personal return in power and glory. We believe that for the salvation of lost and sinful people, regeneration by the Holy Spirit is absolutely essential. We believe in the present ministry of the Holy Spirit by whose indwelling the Christian is enabled to live a godly life. We believe in the resurrection of both the saved and the lost; they that are saved unto the resurrection of life and they that are lost unto the resurrection of damnation. We believe in the spiritual unity of believers in our Lord Jesus Christ. Dr. Terry Law was a signatory to the Lausanne Covenant created by the Lausanne Committee for World Evangelism, and World Compassion Terry Law Ministries subscribes to the covenant.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Evangelism Support

CategoryRatingOverall rankSector rank
Overall efficiency rating377 of 73320 of 44
Fund acquisition rating216 of 73411 of 44
Resource allocation rating209 of 73413 of 44
Asset utilization rating691 of 73342 of 44

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
5%3%2%3%2%3%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%3%2%3%2%3%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
96%96%97%96%97%96%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%3%2%3%2%3%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
4%4%3%4%3%4%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%89%90%89%91%90%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%91%89%96%102%94%
Program output ratio Program output ratio =
Program services /
Total revenue
81%81%80%86%93%85%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%9%11%4%-2%6%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
4%11%15%6%-6%18%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%7%8%8%7%6%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.300.790.820.931.401.51
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.295.716.078.778.285.68
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.164.494.998.1611.568.58
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
18.962.721.731.031.260.41
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.050.370.580.970.802.43
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.151.691.020.040.21-2.00
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
5%29%35%42%43%43%
Debt ratio Debt ratio =
Debt /
Total assets
0%22%26%31%34%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
73%90%79%63%41%38%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$326,173$305,308$187,730$193,437$322,043
Receivables, inventories, prepaids$36,782$30,701$30,577$30,577$20,446
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$362,955$336,009$218,307$224,014$342,489
Long-term investments$0$0$0$0$0
Fixed assets$623,235$661,732$700,575$687,631$714,967
Other long-term assets$1,085,612$1,041,540$996,746$943,656$889,233
Total long-term assets$1,708,847$1,703,272$1,697,321$1,631,287$1,604,200
Total assets$2,071,802$2,039,281$1,915,628$1,855,301$1,946,689
 
Liabilities20192018201720162015
Payables and accrued expenses$64,834$128,314$149,333$148,567$833,298
Other current liabilities$68,592$65,416$62,387$29,737$0
Total current liabilities$133,426$193,730$211,720$178,304$833,298
Debt$464,860$528,183$588,557$626,740$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$464,860$528,183$588,557$626,740$0
Total liabilities$598,286$721,913$800,277$805,044$833,298
 
Net assets20192018201720162015
Unrestricted$1,462,201$1,317,368$1,101,975$1,048,752$1,108,759
Temporarily restricted$11,315$0$13,375$1,505$4,632
Permanently restricted$0$0$0$0$0
Net assets$1,473,516$1,317,368$1,115,351$1,050,257$1,113,391
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$1,716,941$1,815,872$1,781,243$2,441,315$3,011,492
Program service revenue$4,596$5,258$6,954$16,783$41,249
Membership dues$0$0$0$0$0
Investment income$46,857$47,575$50,947$59,417$57,434
Other revenue$19,213$8,724$7,093$10,012$31,045
Total other revenue$70,666$61,557$64,994$86,212$129,728
Total revenue$1,787,607$1,877,429$1,846,237$2,527,527$3,141,220
 
Expenses20192018201720162015
Program services$1,453,490$1,508,276$1,590,839$2,360,928$2,654,728
Management and general$121,300$134,616$142,950$173,932$185,261
Fundraising$56,669$32,520$47,354$55,801$100,246
Total expenses$1,631,459$1,675,412$1,781,143$2,590,661$2,940,235
 
Change in net assets20192018201720162015
Surplus (deficit)$156,148$202,017$65,094($63,134)$200,985
Other changes in net assets$0$0$0$0$0
Total change in net assets$156,148$202,017$65,094($63,134)$200,985

Compensation

Compensation data for this ministry has not been collected.


Response from ministry

No response has been provided by this ministry.


History


Program accomplishments


Needs