Faith Comes By Hearing/ Hosanna Ministries 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 10/19/2021. To update the information in this column, please email: info@ministrywatch.com
Summary
We record reliable translations of God's Word in the languages of the world in collaboration with heart-language speakers and have initiated Oral Bible Translation projects.
We freely provide Bible recordings to communities around the world and equip local believers to host Audio Bible listening programs.
We partner with like-minded ministries to share God's Word and engage the last, least, and forgotten like never before.
Contact information
Mailing address:
Faith Comes By Hearing
2421 Aztec Road, NE
Albuquerque, NM 87107-4200
Website: www.faithcomesbyhearing.com
Phone: (800) 545-6552
Email: info@faithcomesbyhearing.com
Organization details
EIN: 850223225
CEO/President: Jerry & Anet Jackson
Chairman: Mr. Murray Crawford
Board size: 13
Founder: Jerry and Anet Jackson
Ruling year: 1972
Tax deductible: Yes
Fiscal year end: 03/31
Member of ECFA: No
Member of ECFA since:
Purpose
Over 70 percent of the world's 7.2 billion people are oral communicators. They do not, or cannot, use the printed Word in their daily lives. Because of this, and coupled with the fact that more than half of the world lives in poverty and cannot afford Bibles, Faith Comes By Hearing records God's Word in audio and freely shares these recordings so the Gospel can be heard, or seen, around the world in everyone's native language.
Mission statement
To record and provide the Word of God in every translated language.
Statement of faith
Faith Comes By Hearing exists to proclaim Jesus Christ as Lord in all that we do. Trusting in Jesus Christ as our Savior, we believe in:
The Bible as the inspired Word of God.
The Deity of our Lord Jesus Christ, God's Son.
The vicarious death of Jesus Christ for our sins, His bodily resurrection, and His personal return.
The presence and power of the Holy Spirit in the work of regeneration.
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Bible Translation Organizations
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 486 of 999 | 5 of 15 |
| Fund acquisition rating | | 266 of 1001 | 3 of 15 |
| Resource allocation rating | | 342 of 1001 | 3 of 15 |
| Asset utilization rating | | 889 of 999 | 13 of 15 |
Click here to read Faith Comes By Hearing/ Hosanna Ministries' response to our ratings
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 8% | 5% | 7% | 7% | 5% | 5% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 8% | 5% | 7% | 7% | 5% | 5% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 98% | 99% | 99% | 99% | 99% | 99% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 9% | 7% | 9% | 8% | 6% | 5% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 2% | 1% | 1% | 1% | 1% | 1% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 81% | 87% | 85% | 86% | 88% | 88% |
Spending ratio Spending ratio = Total expenses / Total revenue | 94% | 68% | 81% | 81% | 88% | 94% |
Program output ratio Program output ratio = Program services / Total revenue | 77% | 59% | 69% | 70% | 77% | 83% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 6% | 32% | 19% | 19% | 12% | 6% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 9% | 19% | 10% | 11% | 8% | 4% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 5% | 6% | 6% | 6% | 6% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.73 | 0.37 | 0.43 | 0.43 | 0.52 | 0.60 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.44 | 2.48 | 3.06 | 3.81 | 4.66 | 5.08 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.76 | 0.93 | 1.32 | 1.66 | 2.44 | 3.05 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 10.74 | 9.44 | 7.61 | 6.20 | 6.18 | 2.89 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.09 | 0.11 | 0.13 | 0.16 | 0.16 | 0.35 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.06 | 11.57 | 7.89 | 6.08 | 4.12 | 2.58 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 14% | 4% | 4% | 4% | 3% | 7% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 85% | 256% | 222% | 220% | 184% | 155% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $18,943,865 | $10,434,059 | $7,917,859 | $5,865,986 | $4,220,114 |
| Receivables, inventories, prepaids | $3,112,893 | $4,110,583 | $2,541,112 | $1,741,586 | $2,456,898 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $6,797 | $31,797 | $37,297 | $6,197 | $6,197 |
| Total current assets | $22,063,555 | $14,576,439 | $10,496,268 | $7,613,769 | $6,683,209 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $1,432,163 | $1,311,732 | $1,076,914 | $862,441 | $1,001,439 |
| Other long-term assets | $31,214,227 | $28,709,795 | $28,421,904 | $27,017,471 | $26,285,095 |
| Total long-term assets | $32,646,390 | $30,021,527 | $29,498,818 | $27,879,912 | $27,286,534 |
| Total assets | $54,709,945 | $44,597,966 | $39,995,086 | $35,493,681 | $33,969,743 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $2,337,443 | $1,916,005 | $1,694,215 | $1,231,159 | $2,260,636 |
| Other current liabilities | $0 | $0 | $0 | $0 | $53,982 |
| Total current liabilities | $2,337,443 | $1,916,005 | $1,694,215 | $1,231,159 | $2,314,618 |
| Debt | $0 | $0 | $0 | $0 | $13,673 |
| 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 | $13,673 |
| Total liabilities | $2,337,443 | $1,916,005 | $1,694,215 | $1,231,159 | $2,328,291 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | $41,040,320 | $31,085,353 | $26,535,131 | $24,773,818 | $23,577,744 |
| With donor restrictions | $11,332,182 | $11,596,608 | $11,765,740 | $9,488,704 | $8,063,708 |
| Net assets | $52,372,502 | $42,681,961 | $38,300,871 | $34,262,522 | $31,641,452 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $29,905,804 | $23,507,788 | $21,193,312 | $21,077,430 | $21,461,119 |
| Program service revenue | $69,688 | $118,351 | $119,777 | $138,489 | $171,650 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 | $0 |
| Other revenue | $167,058 | $21,586 | $108,897 | $15,884 | $18,099 |
| Total other revenue | $236,746 | $139,937 | $228,674 | $154,373 | $189,749 |
| Total revenue | $30,142,550 | $23,647,725 | $21,421,986 | $21,231,803 | $21,650,868 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $17,823,501 | $16,401,653 | $14,907,580 | $16,304,976 | $17,979,616 |
| Management and general | $1,102,648 | $1,158,289 | $1,017,722 | $1,158,172 | $1,262,810 |
| Fundraising | $1,525,860 | $1,706,693 | $1,458,335 | $1,147,585 | $1,114,409 |
| Total expenses | $20,452,009 | $19,266,635 | $17,383,637 | $18,610,733 | $20,356,835 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | $9,690,541 | $4,381,090 | $4,038,349 | $2,621,070 | $1,294,033 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $9,690,541 | $4,381,090 | $4,038,349 | $2,621,070 | $1,294,033 |
Compensation
| Name | Title | Compensation |
| Morgan Jackson | Senior VP | $144,506 |
| Clay Jackson | VP -Operations | $123,001 |
| Tory Harper | VP -Development | $113,894 |
| Melvin Morris | Chief Financial Officer | $113,891 |
| Susan Olguin | VP - Donor Engagement | $113,261 |
| Jonathan Huguenin | VP -Language Recording | $108,588 |
| Gerald Jackson | President | $94,193 |
| Janet Lloyd | Communications Manager | $84,579 |
Compensation data as of: 3/31/2020
Response from ministry
Faith Comes By Hearing's progress is known through the number of completed Scripture recordings, and the number of people engaging with the Word of God through Bible listening programs, Military BibleStick programs, and the Digital Bible Platform. While this work is measurable, there is no limit to the impact made in individual lives and communities around the world.
Faith Comes By Hearing's invaluable partnerships with translation organizations, Bible Societies, churches, and donors significantly assist in accomplishing the goal of fulfilling the Great Commission. Their knowledge, sacrifice, and contributions ensure that the Gospel continues to be heard and shared around the world, and lives are eternally impacted.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 10/19/2021. To update the information below, please email: info@ministrywatch.com
History
Since its inception, Faith Comes By Hearing has been partnering to provide God's Word to every person.
Jerry and Anet Jackson founded Faith Comes By Hearing (then known as Hosanna) in 1972 as a Christian tape-lending library. Thanks to their unwavering commitment to the Word of God, Faith Comes By Hearing is now a recognized leader in Audio Bible production and engagement.
Through our wide range of listening programs-whether in a group centered on a physical Audio Bible device or personally through various digital means-hundreds of millions of people around the world have encountered God's truth in their heart language. Today, Faith Comes By Hearing provides God's audible Word in 1,552 languages, and we press on to ensure that every translated language has Scripture by the year 2033.
Timeline:
1972: Founding - Hosanna is founded as a Christian tape-lending library.
1989: Bible listening programs begin in U.S. churches.
1995: Hosanna becomes known as Faith Comes by Hearing.
2004: The Proclaimer is developed and unveiled.
2008: Military BibleSticks are introduced to bring God's Word to U.S. troops and veterans.
2010: The Digital Bible Platform and Bible is app launch to provide developers and smartphone users Bible recordings and texts.
2013: Virtual Recording launches to accelerate partner recordings.
2016: Faith Comes By Hearing joins partners in Oral Bible Translation (OBT) work.
2017: Global Bible Apps launch - single-language Audio Bible apps small enough to be shared phone-to-phone.
2018: Partnership with LUMO leads to Gospel Films.
2019: Faith Comes By Hearing launches more than 30 oral Bible translation (OBT) projects in partnership with other Bible translation agencies, completes four translations, and initiates two of its own OBT projects, making it an official Bible translation organization.
2020: The Acclaimer is launched, facilitating Gospel Film watching groups around the world.
During worldwide lockdown, Faith Comes By Hearing ramps up digital engagement strategies, leading to millions more engagements with God's Word online.
Today: In partnership with more than 400 organizations, Faith Comes By Hearing has recorded Scripture in more than 1,552 languages and adapted 900+ Gospel Films, freely providing God's Word in audio and video for over 80% of the world's population.
Program accomplishments
Audio Bible in 1,552 languages and counting
Needs
The following are the needs expressed by Faith Comes by Hearing:
Much work still remains. There are hundreds of finished Bible translations that are waiting to be recorded. Your partnership helps to record God's Word in the languages of the world, and provide people with the opportunity to engage with their Audio Scripture. As we continue in this great work together, the language communities become smaller and more difficult to reach. The cost of recording a New Testament for a language spoken by 3 million people is the same as a language spoken by 300. These people are loved and desired by God. They matter and their language matters. Join us in reaching everyone in the world with God's Word in their languages. Pray diligently. Give financially. Partner purposefully. For more information on how you can get involved, please visit us online at www.faithcomesbyhearing.com or call us at 1-800-545-6552.