Daily Audio Bible

The information on this page was last updated 4/6/2023. If you see errors or omissions, please email: [email protected]


Summary

The Bible. Read fresh daily. Among friends.


Contact information

Mailing address:
Daily Audio Bible
PO Box 1996
Spring Hill, TN 37174

Website: dailyaudiobible.com

Phone: (877) 634-3338

Email: [email protected]


Organization details

EIN: 270868610

CEO/President: Brian Hardin

Chairman: Brian Hardin

Board size: 5

Founder:

Ruling year: 2010

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2013


Purpose

Our ultimate goal is to provide the spoken Word of God to as many people as will listen in every region of the world that God will allow using whatever means God will allow for as long as God will allow. To be people of the Scriptures, fervent in prayer and having a daily and intimate walk with God. To build stable and Christ honoring community as we take our place in the global advancement of the Kingdom of God.


Mission statement

The Daily Audio Bible is committed to guiding Christian's worldwide into an intimate and daily friendship with the Bible. This is accomplished by providing the spoken Word of God freely in multiple languages and by the creation and establishment of communities that have no geographical limitations. Our efforts are devoted to exposing the rich texture and heritage of the Bible's life changing power by educating the Believer on how to engage in and interact with the ancient Scriptures in a future world.


Statement of faith

Please visit: https://dailyaudiobible.com/about/what-we-believe/

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Educational Media

CategoryRatingOverall rankSector rank
Overall efficiency rating172 of 10779 of 47
Fund acquisition rating68 of 10784 of 47
Resource allocation rating77 of 10786 of 47
Asset utilization rating740 of 107735 of 47

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%0%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
7%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
94%90%72%87%84%75%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
7%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
6%10%28%13%16%25%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%93%93%100%91%66%
Spending ratio Spending ratio =
Total expenses /
Total revenue
87%73%69%61%60%70%
Program output ratio Program output ratio =
Program services /
Total revenue
69%67%65%61%54%46%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
13%27%31%39%40%30%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
21%18%24%29%0%35%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%7%7%0%9%34%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.790.470.500.430.000.78
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.651.511.481.340.001.07
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.340.710.750.580.000.84
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.47406.9922.251111.960.00411.02
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.000.040.000.000.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.3216.9015.3220.610.0014.27
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
12%1%5%3%0%6%
Debt ratio Debt ratio =
Debt /
Total assets
0%1%2%3%0%6%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
104%211%189%224%0%120%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$2,768,341$2,407,526$1,987,544$0$1,139,355
Receivables, inventories, prepaids$0$0$1,751$0$0
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$2,768,341$2,407,526$1,989,295$0$1,139,355
Long-term investments$0$0$0$0$0
Fixed assets$1,412,709$429,376$451,008$0$81,864
Other long-term assets$0$731,058$234,753$0$0
Total long-term assets$1,412,709$1,160,434$685,761$0$81,864
Total assets$4,181,050$3,567,960$2,675,056$0$1,221,219
 
Liabilities20202019201820172016
Payables and accrued expenses$6,802$108,195$1,789$0$2,772
Other current liabilities$0$0$0$0$0
Total current liabilities$6,802$108,195$1,789$0$2,772
Debt$38,425$61,647$80,734$0$69,543
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$38,425$61,647$80,734$0$69,543
Total liabilities$45,227$169,842$82,523$0$72,315
 
Net assets20202019201820172016
Without donor restrictions$4,135,823$3,398,118$2,592,533$0$1,148,904
With donor restrictions$0$0$0$0$0
Net assets$4,135,823$3,398,118$2,592,533$0$1,148,904
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$2,438,723$1,868,176$1,645,763$1,497,517$1,016,549
Program service revenue$78,917$525,526$64,445$113,197$114,343
Membership dues$0$0$0$0$0
Investment income$0$0$0$0$0
Other revenue$184,227$206,342$188,182$177,165$228,497
Total other revenue$263,144$731,868$252,627$290,362$342,840
Total revenue$2,701,867$2,600,044$1,898,390$1,787,879$1,359,389
 
Expenses20202019201820172016
Program services$1,816,241$1,680,784$1,157,419$964,249$629,834
Management and general$144,200$119,822$0$101,083$325,701
Fundraising$391$0$0$0$0
Total expenses$1,960,832$1,800,606$1,157,419$1,065,332$955,535
 
Change in net assets20202019201820172016
Surplus (deficit)$741,035$799,438$740,971$722,547$403,854
Other changes in net assets$0$0$0$0$0
Total change in net assets$741,035$799,438$740,971$722,547$403,854

Compensation

NameTitleCompensation
Brian HardinPresident$130,615

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 4/6/2023. To update the information below, please email: [email protected]


History


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