Asia Harvest

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 5/20/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Asia Harvest is a Christian ministry serving and equipping Asian believers to establish God's kingdom among unreached people groups throughout Asia.

We work alongside Asian church leaders, helping and equipping them to reach the lost. Our main focus is China, India, Indonesia, Vietnam, Laos, Myanmar (Burma), Nepal, Bangladesh, Pakistan and Bhutan. Within these nine countries are approximately 2,000 unreached tribes and ethnic groups. Asia Harvest is a 'faith' ministry supported by God's people. We are registered as a 501(c)(3) tax-deductible non-profit organization in the United States. We also have offices or representatives in Australia, New Zealand, the United Kingdom and Germany.


Contact information

Mailing address:
Asia Harvest USA
353 Jonestown Rd #320
Winston Salem, NC 27104

Website: asiaharvest.org

Phone:

Email: office@asiaharvest.org


Organization details

EIN: 201648411

CEO/President: Paul Hattaway

Chairman: Russell Minick

Board size: 1

Founder: Paul Hattaway

Year founded: 2005

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2017


Purpose

We want to see millions of people from every tribe and people group experience a life-changing relationship with Jesus as they are reached with the Gospel, meeting in Scripturally-based local meetings, and having a strong desire for evangelism and outreach. We have a strategic focus on the tribes and people groups of Asia that are the most unreached and least helped.

Our goal is to exalt Jesus, by asking the Asian fellowship of believers how we can help them. We plan to accomplish our vision by providing an opportunity for individuals and organizations to pray for and support specific projects led by the fellowship of believers in Asia, helping provide the resources that are requested, thus equipping the Asian believers through our links with other fellowships of believers. We also write books and prayer material to encourage all believers in their support of the Asian Church. We work with fellowships and organizations in various ways, such as printing of Bibles and evangelistic materials, help in training and seminars for indigenous believers' groups, aiding evangelists in their efforts to share the Gospel, humanitarian aid in situations where this will help in promoting the Gospel, helping those who have lost their income because of their faith, and providing research materials to aid in reaching the unreached. Through partnering with those having similar goals, we have been blessed to have had a part in fellowships being started in previously unreached people groups in Asia.

We have developed good contacts with many people around the world, networking with believers that are people of integrity. We do not function as a missionary-sending agency, but rather as a link between believers in Asia and the rest of the world.


Mission statement

Our mission is first of all to please God, then to serve, work with, and help equip the local fellowship of believers in Asia, by acting as a link between them and believers from all around the world, so that they can more effectively reach the unreached tribes and people groups of Asia.


Statement of faith

We believe that the sixty-six books of the Old and New Testament are inspired of God and inerrant in the original writing and that they are of supreme and final authority in faith and life.

We believe in one God, eternally existing as Father, Son and Holy Spirit, perfectly equal in essence.

We believe in God's direct creation of the universe without the use of pre-existent material and apart from any process of evolution whatsoever, according to the Genesis account.

We believe that Jesus Christ, the eternal Son of God, was miraculously conceived by the Holy Spirit and born of Mary, a Virgin, and is true God and true man.

We believe in the resurrection of the crucified body of our Lord, in His ascension into heaven, and in His present life there as High Priest and Advocate.

We believe that the Holy Spirit is the agent of the new birth through conviction and regeneration and that He seals, indwells and baptizes every believer into the Body of Christ at the moment of conversion. We believe that the Holy Spirit fills, empowers and distributes service gifts to believers.

We believe that man was created in the image of God, that he sinned and thereby incurred not only physical death but also spiritual death which is separation from God, and that all human beings are born with a sinful nature and are sinners in thought, word and deed.

We believe that the Lord Jesus Christ died as the substitutionary sacrifice for all men. The blood atonement He made was unlimited in its potential. It is limited only in its application, effectively saving those who are brought by the Holy Spirit to repentance and faith.

We believe that all who receive by faith the Lord Jesus Christ are born again of the Holy Spirit and thereby become children of God.

We believe after a person has repented and started to follow Christ that his or her life should reflect the holiness and purity of a child of God as outlined in the Scriptures, being transformed in thinking, motives and action.

We believe in that "blessed hope" - the personal, imminent return of our Lord and Savior Jesus Christ, when the church will be gathered unto Him.

We believe in the bodily resurrection of the just and the unjust, the everlasting blessedness of the saved, and the everlasting punishment of the lost.

We believe that the local church is the agency through which God has chosen to accomplish His work in the world.

We believe that believers and churches in every generation should take responsibility to "preach the Gospel to every creature."

We believe that God's heart is especially toward those poor in spirit and body in the world who have never before heard the message of His salvation. We believe as a mission we should endeavor to focus on those areas of the world where "Christ is not named."

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Foreign Missions

CategoryRatingOverall rankSector rank
Overall efficiency rating19 of 8943 of 105
Fund acquisition rating35 of 8941 of 105
Resource allocation rating49 of 8943 of 105
Asset utilization rating136 of 89417 of 105

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%0%0%0%6%1%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%0%0%0%6%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
97%100%100%101%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%0%0%0%6%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
3%0%0%-1%0%0%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%96%95%95%90%96%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%93%92%105%97%93%
Program output ratio Program output ratio =
Program services /
Total revenue
81%90%87%99%87%89%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%7%8%-5%3%7%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%26%28%-17%10%23%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%4%5%5%4%3%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.453.443.023.682.813.01
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.291.001.001.001.001.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.053.453.033.702.813.01
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
17.622800.191896.221624.22293.78883.34
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.060.000.000.000.000.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.103.483.963.244.253.99
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%0%0%0%0%0%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
63%29%33%27%35%33%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$1,573,248$1,137,237$807,850$963,408$868,776
Receivables, inventories, prepaids$5,911$10,088$22,599$21,469$17,441
Short-term investments$150$18,851$10,899$3,699$1,541
Other current assets$0$0$0$0$0
Total current assets$1,579,309$1,166,176$841,348$988,576$887,758
Long-term investments$0$0$0$0$0
Fixed assets$2,000$2,800$3,600$0$0
Other long-term assets$0$0$0$0$0
Total long-term assets$2,000$2,800$3,600$0$0
Total assets$1,581,309$1,168,976$844,948$988,576$887,758
 
Liabilities20202019201820172016
Payables and accrued expenses$564$615$518$3,365$1,005
Other current liabilities$0$0$0$0$0
Total current liabilities$564$615$518$3,365$1,005
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$0$0
Total liabilities$564$615$518$3,365$1,005
 
Net assets20202019201820172016
Unrestricted$0$0$761,291$671,213$490,614
Temporarily restricted$0$0$83,139$313,998$396,139
Permanently restricted$0$0$0$0$0
Net assets$1,580,745$1,168,361$844,430$985,211$886,753
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$5,876,405$3,861,491$2,987,186$2,888,154$2,877,662
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$11$2,133$3,242$44$1,803
Other revenue($17,552)($8,537)($20,622)($10,055)($3,156)
Total other revenue($17,541)($6,404)($17,380)($10,011)($1,353)
Total revenue$5,858,864$3,855,087$2,969,806$2,878,143$2,876,309
 
Expenses20202019201820172016
Program services$5,253,607$3,366,714$2,944,962$2,507,640$2,560,797
Management and general$192,873$163,462$165,455$111,245$84,376
Fundraising$0$980$170$160,809$24,033
Total expenses$5,446,480$3,531,156$3,110,587$2,779,694$2,669,206
 
Change in net assets20202019201820172016
Surplus (deficit)$412,384$323,931($140,781)$98,449$207,103
Other changes in net assets$0$0$0$0$0
Total change in net assets$412,384$323,931($140,781)$98,449$207,103

Compensation

Compensation data for this ministry has not been collected.


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 5/20/2021. To update the information below, please email: info@ministrywatch.com


History


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