AMG International 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 2/5/2021. To update the information in this column, please email: info@ministrywatch.com
Summary
AMG International (Advancing the Ministries of the Gospel) ("AMG") is dedicated to spreading the gospel. AMG's purpose is to advance the Ministries of the Gospel around the world. Now in 50 countries, AMG reaches people through newspaper evangelism, national workers, radio and church planting. It engages in programs of relief by instituting and supporting orphanages, schools, day-care centers, and hospitals, food and clothing centers, leprosariums and clinic ministries. It serves the local U.S. church through a 210,000 circulation newspaper (Pulpit Helps), the Expositors Microfilm library and AMG Publishers. AMG was founded in 1942.
This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).
Contact information
Mailing address:
6815 Shallowford Road
PO Bos 22000, 37422
Chattanooga, TN 37421-7421
Website: www.amginternational.org
Phone: (423) 894-6060
Email: info@amginternational.org
Organization details
EIN: 131766596
CEO/President: Anastasios Ioannidis
Chairman: William Harden
Board size: 9
Founder: George Georgakis & Nicholas Lambrides
Year founded: 1942
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 1982
Purpose
AMG International (Advancing the Ministries of the Gospel) ("AMG") is dedicated to spreading the gospel. AMG's purpose is to advance the Ministries of the Gospel around the world. Now in 50 countries, AMG reaches people through newspaper evangelism, national workers, radio and church planting. It engages in programs of relief by instituting and supporting orphanages, schools, day-care centers, and hospitals, food and clothing centers, leprosariums and clinic ministries. It serves the local U.S. church through a 210,000 circulation newspaper (Pulpit Helps), the Expositors Microfilm library and AMG Publishers. AMG was founded in 1942.
This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).
Mission statement
AMG International's Mission Statement is:
AMG International endeavors to provide every person on earth with at least one opportunity to understand and respond to a clear presentation of the gospel.
Statement of faith
AMG International's Statement of Faith is:
We believe in the Scriptures of the Old and New Testament as inspired by God and inerrant in the original writings, and that they are the supreme and final authority in faith and life.
We believe in one God, eternally existing in three persons: Father, Son, and Holy Spirit.
We believe that Jesus Christ was begotten by the Holy Spirit and born of the virgin Mary and is true God and true man.
We believe that man was created in the image of God; that he sinned and thereby incurred not only physical separation from God, but also that spiritual death which is separation from God; and that all human beings are born with a sinful nature.
We believe that the Lord Jesus Christ died for our sins, according to the Scriptures, as a representative and substitutionary sacrifice and that all who believe in Him are justified on the ground of His shed blood.
We believe in the bodily resurrection of our crucified Lord, His ascension into heaven, and His presence there for us as High Priest and Advocate.
We believe in that "blessed hope"-the personal and victorious return of our Lord and Savior, Jesus Christ.
We believe that all who receive by repentance and faith the Lord Jesus Christ are born again of the Holy Spirit, and become children of God.
We believe in the bodily resurrection of the just and unjust, the everlasting blessedness of the saved, and the everlasting punishment of the lost.
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Foreign Missions
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 674 of 817 | 79 of 99 |
| Fund acquisition rating | | 659 of 817 | 82 of 99 |
| Resource allocation rating | | 345 of 817 | 33 of 99 |
| Asset utilization rating | | 717 of 817 | 87 of 99 |
Financial ratios
| Funding ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 11% | 11% | 13% | 13% | 11% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 6% | 10% | 11% | 11% | 12% | 11% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 98% | 85% | 96% | 86% | 95% | 101% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 11% | 11% | 12% | 11% | 11% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 2% | 15% | 4% | 14% | 5% | -1% |
| Operating ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 86% | 85% | 85% | 81% | 83% |
Spending ratio Spending ratio = Total expenses / Total revenue | 98% | 89% | 98% | 93% | 105% | 104% |
Program output ratio Program output ratio = Program services / Total revenue | 82% | 77% | 83% | 79% | 85% | 86% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 2% | 11% | 2% | 7% | -5% | -4% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 5% | 7% | 2% | 5% | -3% | -3% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 10% | 4% | 4% | 3% | 7% | 6% |
| Investing ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.47 | 0.55 | 0.59 | 0.56 | 0.69 | 0.59 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.29 | 2.12 | 2.28 | 2.52 | 2.49 | 2.23 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.19 | 1.17 | 1.34 | 1.40 | 1.73 | 1.33 |
| Liquidity ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Current ratio Current ratio = Total current assets / Total current liabilities | 17.27 | 6.13 | 3.78 | 4.18 | 4.56 | 4.46 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.06 | 0.16 | 0.26 | 0.24 | 0.22 | 0.22 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.90 | 8.60 | 6.56 | 6.53 | 5.41 | 7.01 |
| Solvency ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 8% | 8% | 13% | 11% | 9% | 10% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 1% | 1% | 2% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 62% | 166% | 148% | 160% | 131% | 151% |
Financials
| Balance sheet | |||||
| Assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Cash | $938,877 | $993,792 | $702,568 | $500,544 | $1,090,846 |
| Receivables, inventories, prepaids | $114,653 | $142,178 | $138,378 | $214,365 | $253,715 |
| Short-term investments | $5,154,114 | $4,436,342 | $3,986,686 | $3,807,087 | $3,971,293 |
| Other current assets | $0 | $2,451 | $3,354 | $0 | $0 |
| Total current assets | $6,207,644 | $5,574,763 | $4,830,986 | $4,521,996 | $5,315,854 |
| Long-term investments | $4,460,082 | $1,511,089 | $1,511,089 | $1,511,089 | $1,511,089 |
| Fixed assets | $282,969 | $3,242,759 | $3,255,999 | $2,774,042 | $2,796,498 |
| Other long-term assets | $2,201,247 | $2,362,208 | $2,577,883 | $2,464,004 | $2,234,101 |
| Total long-term assets | $6,944,298 | $7,116,056 | $7,344,971 | $6,749,135 | $6,541,688 |
| Total assets | $13,151,942 | $12,690,819 | $12,175,957 | $11,271,131 | $11,857,542 |
| Liabilities | 2019 | 2018 | 2017 | 2016 | 2015 |
| Payables and accrued expenses | $332,008 | $649,866 | $289,868 | $191,478 | $365,428 |
| Other current liabilities | $680,567 | $826,521 | $864,602 | $800,829 | $827,754 |
| Total current liabilities | $1,012,575 | $1,476,387 | $1,154,470 | $992,307 | $1,193,182 |
| Debt | $77,670 | $149,385 | $195,400 | $0 | $26,499 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $77,670 | $149,385 | $195,400 | $0 | $26,499 |
| Total liabilities | $1,090,245 | $1,625,772 | $1,349,870 | $992,307 | $1,219,681 |
| Net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Unrestricted | $9,287,222 | $8,715,178 | $9,717,530 | $7,740,002 | $7,542,813 |
| Temporarily restricted | $2,636,410 | $2,349,869 | $1,108,557 | $2,538,822 | $1,299,733 |
| Permanently restricted | $0 | $0 | $0 | $0 | $1,795,315 |
| Net assets | $12,061,697 | $11,065,047 | $10,826,087 | $10,278,824 | $10,637,861 |
| Revenues and expenses | |||||
| Revenue | 2019 | 2018 | 2017 | 2016 | 2015 |
| Total contributions | $6,895,605 | $7,372,631 | $6,308,736 | $7,092,443 | $6,869,928 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $670,218 | ($124,874) | $390,425 | $111,739 | ($94,850) |
| Other revenue | $543,106 | $428,877 | $608,559 | $268,076 | $10,528 |
| Total other revenue | $1,213,324 | $304,003 | $998,984 | $379,815 | ($84,322) |
| Total revenue | $8,108,929 | $7,676,634 | $7,307,720 | $7,472,258 | $6,785,606 |
| Expenses | 2019 | 2018 | 2017 | 2016 | 2015 |
| Program services | $6,209,578 | $6,368,362 | $5,740,204 | $6,373,024 | $5,833,479 |
| Management and general | $262,847 | $281,203 | $200,531 | $563,407 | $444,074 |
| Fundraising | $777,919 | $842,255 | $819,722 | $894,864 | $774,916 |
| Total expenses | $7,250,344 | $7,491,820 | $6,760,457 | $7,831,295 | $7,052,469 |
| Change in net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Surplus (deficit) | $858,585 | $184,814 | $547,263 | ($359,037) | ($266,863) |
| Other changes in net assets | $0 | $54,146 | $0 | $0 | $0 |
| Total change in net assets | $858,585 | $238,960 | $547,263 | ($359,037) | ($266,863) |
Compensation
| Name | Title | Compensation |
| Demosthenes Katsarkas | Director | $200,200 |
| David McCurry | VP of Advancement | $122,777 |
| Anastasios Ioannidis | CEO/President | $102,158 |
| Stephen Turner | CFO | $101,793 |
| William Passons | COO | $71,773 |
| George Kaloterakis | Director | $59,136 |
| Symeon Ioannidis | Director | $51,100 |
| Paul Jenks | Director | $45,264 |
| Dr David V Chigurupati | Director | $4,483 |
Compensation data as of: 12/31/2019
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 2/5/2021. To update the information below, please email: info@ministrywatch.com
History
It all started with a seed from an unknown street preacher. People may have snickered at him as he shouted about Jesus on the busy New York streets, but one listened. George Georgakis, a Greek immigrant, peered out the second story window of his photography studio to see what the commotion was. His curiosity transformed to joy as he accepted Christ as his savior that day.
Georgakis immediately sought out a church, and by God's providence, the first man he met at church was another Greek immigrant, Nicholas Lambrides. The two men shared a burden to reach their native country with the gospel; for Greece was a country bound by religious ritualism, and few had a personal relationship with Jesus. Thus, they began the American Committee for the Evangelization of the Greeks (later the American Mission to the Greeks), an organization which sought to care for both physical and spiritual needs as they evangelized Greek people in America and abroad.
From their headquarters in New York, AMG pursued that vision by sending gospel literature overseas and providing aid for undernourished and homeless children in Greece. Likewise, in America, it sponsored Greek children in a nearby orphanage and produced a bilingual gospel magazine in Greek and English called The Voice of the Gospel.
It was this magazine which providentially reached a young Greek Christian named Spiros Zodhiates while he was serving in the British Army in the Suez Canal. From his military post, Spiros wrote an article for The Voice of the Gospel, and thus became connected with the organization that would be his life's work. Zodhiates joined the AMG in 1946, and led it from a one-room office to the international ministry that it is today, operating life and soul saving operations in approximately 50 countries worldwide. To correspond with its broadened outreach, AMG International now stands for Advancing the Ministries of the Gospel.
Program accomplishments
AMG's accomplishments and programs include some of the following:
CLW (Christ the Light of the World) Communications Group.
CLW Electronics serves churches and ministries by providing audio and video equipment at an affordable price.
AMG Publishers produce devotional and Bible study materials to help Christians develop a deeper walk with God. The Hebrew-Greek Key Word Study Bible, edited by AMG President Dr. Spiros Zodhiates, has sold more than 1 million copies.
Pulpit Helps Magazine is a monthly publication devoted to assisting pastors and teachers in the United States reaching approximately 100,000 church leaders each month.
Needs
AMG has communicated the following needs:
There are several different ways to help such as sponsoring a child, the Leprosy ministry, newspaper evangelism, AMG hospitals and the newest project Cosomovision Center, which is a center that is being built to spread the gospel message during the 2004 Olympics in Greece.