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

CategoryRatingOverall rankSector rank
Overall efficiency rating486 of 9995 of 15
Fund acquisition rating266 of 10013 of 15
Resource allocation rating342 of 10013 of 15
Asset utilization rating889 of 99913 of 15

Click here to read Faith Comes By Hearing/ Hosanna Ministries' response to our ratings


Financial ratios

Funding ratiosSector median20202019201820172016
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 ratiosSector median20202019201820172016
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 ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.730.370.430.430.520.60
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.442.483.063.814.665.08
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.760.931.321.662.443.05
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.749.447.616.206.182.89
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.090.110.130.160.160.35
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.0611.577.896.084.122.58
 
Solvency ratiosSector median20202019201820172016
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
 
Assets20202019201820172016
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
 
Liabilities20202019201820172016
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 assets20202019201820172016
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
 
Revenue20202019201820172016
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
 
Expenses20202019201820172016
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 assets20202019201820172016
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

NameTitleCompensation
Morgan JacksonSenior VP$144,506
Clay JacksonVP -Operations$123,001
Tory HarperVP -Development$113,894
Melvin MorrisChief Financial Officer$113,891
Susan OlguinVP - Donor Engagement$113,261
Jonathan HugueninVP -Language Recording$108,588
Gerald JacksonPresident$94,193
Janet LloydCommunications 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.