World Compassion Terry Law Ministries 
The information on this page was last updated 5/24/2023. If you see errors or omissions, please email: [email protected]
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.
Compassion ministry may be different in each environment, but the goal is the same. Reaching people in their most desperate point of need. Whether it is raising an abandoned child or providing ongoing food aid for refugee families, meeting people's immediate needs is an important step in letting people know God loves them.
As relationships are established, often through compassion based ministries, the indigenous churches we partner with have the opportunity to present the gospel. We do this through a variety of ways including spoken messages, one on one conversations, and the distribution of Christian literature.
We equip indigenous churches to make disciples and train leaders by providing our ABC Discipleship and Leadership course as well as our Mission's Training program in Asia. In addition we host leadership conferences throughout the year in target nations in the Middle East and Asia.
We partner closely with local churches to help train, strategize and resource local Christians to plant churches in their country. They begin impacting their community and multiplying disciples by replicating this Biblical model of ministry in their new environment. (Outreach, Evangelism, Discipleship, Church Planting)
Contact information
Mailing address:
World Compassion Terry Law Ministries
PO Box 92
Tulsa, OK 74101
Website: worldcompassion.tv
Phone: (918) 492-2858
Email: [email protected]
Organization details
EIN: 730934739
CEO/President: Jason Law
Chairman:
Board size: 8
Founder: Terry Law
Ruling year: 1974
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2010
Purpose
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 takes the message of Jesus Christ to nations that are hostile to the Gospel by empowering local bodies of believers to support the spiritual and physical transformation of lives.
Statement of faith
The Bible is 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, His sinless life, His miracles, His vicarious and atoning death through His shed blood, His bodily resurrection, His ascension to the right hand of the Father, and His personal return in power and glory.
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. We believe in the resurrection of both the saved and the lost; those who are saved unto the resurrection of life and those who are lost unto the resurrection of damnation. We believe in the spiritual unity of believers in our Lord Jesus Christ. Our Founder, Dr. Terry Law was a signatory to the Lausanne Covenant created by the Lausanne Committee for World Evangelism, and World Compassion subscribes to the covenant.
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Evangelism Support
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 157 of 1118 | 8 of 35 |
| Fund acquisition rating | | 522 of 1119 | 19 of 35 |
| Resource allocation rating | | 52 of 1119 | 1 of 35 |
| Asset utilization rating | | 349 of 1118 | 14 of 35 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 6% | 5% | 3% | 3% | 2% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 6% | 6% | 5% | 3% | 3% | 2% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 98% | 99% | 100% | 99% | 97% | 97% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 4% | 7% | 4% | 4% | 2% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 2% | 1% | 0% | 1% | 3% | 3% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 92% | 86% | 86% | 89% | 90% |
Spending ratio Spending ratio = Total expenses / Total revenue | 97% | 138% | 71% | 75% | 91% | 89% |
Program output ratio Program output ratio = Program services / Total revenue | 80% | 127% | 60% | 64% | 81% | 80% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 3% | -38% | 29% | 25% | 9% | 11% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 5% | -51% | 28% | 27% | 11% | 15% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 12% | 4% | 7% | 11% | 7% | 8% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.23 | 1.53 | 0.57 | 0.60 | 0.78 | 0.82 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.33 | 1.43 | 1.28 | 1.40 | 5.73 | 6.10 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.70 | 2.19 | 0.72 | 0.84 | 4.48 | 5.02 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 31.37 | 60.46 | 56.20 | 38.31 | 5.57 | 2.60 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.03 | 0.02 | 0.02 | 0.03 | 0.18 | 0.38 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.59 | 5.38 | 16.28 | 13.85 | 2.20 | 1.47 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 7% | 18% | 15% | 22% | 29% | 35% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 17% | 14% | 21% | 26% | 29% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 78% | 54% | 150% | 128% | 91% | 78% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Cash | $1,384,156 | $2,256,135 | $1,582,839 | $323,643 | $302,782 |
| Receivables, inventories, prepaids | $8,662 | $8,662 | $41,560 | $37,282 | $31,201 |
| Short-term investments | $66 | $59 | $8,356 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $1,392,884 | $2,264,856 | $1,632,755 | $360,925 | $333,983 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $539,851 | $560,881 | $587,435 | $623,236 | $661,734 |
| Other long-term assets | $61,129 | $71,796 | $61,397 | $1,085,612 | $1,041,540 |
| Total long-term assets | $600,980 | $632,677 | $648,832 | $1,708,848 | $1,703,274 |
| Total assets | $1,993,864 | $2,897,533 | $2,281,587 | $2,069,773 | $2,037,257 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $23,040 | $40,300 | $42,625 | $64,832 | $128,314 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $23,040 | $40,300 | $42,625 | $64,832 | $128,314 |
| Debt | $335,076 | $404,476 | $470,620 | $533,452 | $593,599 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $335,076 | $404,476 | $470,620 | $533,452 | $593,599 |
| Total liabilities | $358,116 | $444,776 | $513,245 | $598,284 | $721,913 |
| Net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Without donor restrictions | $1,228,492 | $2,100,303 | $1,624,165 | $1,471,489 | $1,315,344 |
| With donor restrictions | $407,256 | $352,454 | $144,177 | $0 | $0 |
| Net assets | $1,635,748 | $2,452,757 | $1,768,342 | $1,471,489 | $1,315,344 |
| Revenues and expenses | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| Total contributions | $2,194,205 | $2,327,762 | $1,832,651 | $1,716,942 | $1,815,872 |
| Program service revenue | $245 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $2,156 | $3,011 | $9,897 | $46,853 | $47,572 |
| Other revenue | $14,660 | ($6,841) | $5,324 | $10,676 | $13,603 |
| Total other revenue | $17,061 | ($3,830) | $15,221 | $57,529 | $61,175 |
| Total revenue | $2,211,266 | $2,323,932 | $1,847,872 | $1,774,471 | $1,877,047 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| Program services | $2,801,115 | $1,405,236 | $1,181,251 | $1,440,361 | $1,507,889 |
| Management and general | $120,282 | $115,592 | $147,839 | $121,296 | $136,645 |
| Fundraising | $131,695 | $118,689 | $48,707 | $56,669 | $32,520 |
| Total expenses | $3,053,092 | $1,639,517 | $1,377,797 | $1,618,326 | $1,677,054 |
| Change in net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Surplus (deficit) | ($841,826) | $684,415 | $470,075 | $156,145 | $199,993 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($841,826) | $684,415 | $470,075 | $156,145 | $199,993 |
Compensation
| Name | Title | Compensation |
| Jason Law | President | $164,852 |
| Beth Law | Secretary/Tr | $44,500 |
| Chris Hart | Trustee | $37,730 |
| Joel Vesanen | Trustee | $34,540 |
Compensation data as of: 12/31/2022
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 5/24/2023. To update the information below, please email: [email protected]
History
World Compassion was founded by Dr. Terry Law. In 1969, upon graduating from Oral Roberts University, Terry co-founded Living Sound International, a music group that led hundreds of young people to minister in more than 40 countries. This led to his over 50-year journey of ministry to become one of the most influential mission voices to nations hostile to the Gospel.
This journey took him to places like Russia, China, North Korea, Afghanistan, Iran and Iraq. His compassion evangelism model of ministry has shaped World Compassion's mission that stands to this day - transforming lives by meeting both the physical and spiritual needs of people.
Terry authored several books including The Fight of Every Believer, The Truth About Angels, How to Enter The Presence of God, The Power of Praise and Worship, and The Hope Habit. The booklet The Story of Jesus has been translated into more than 52 languages with an estimated 27 million copies distributed worldwide.
Terry Law went home to be with the Lord on August 31, 2020. We celebrate Terry's life and purpose by carrying on his legacy to reach nations that are hostile to the Gospel and taking new ground for the Kingdom of God.