Daily Audio Bible

The information on this page was last updated 12/20/2023. 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: No

Member of ECFA since:


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/

Donor confidence score

Show donor confidence score details

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Educational Media

CategoryRatingOverall rankSector rank
Overall efficiency rating287 of 111012 of 47
Fund acquisition rating70 of 11114 of 47
Resource allocation rating161 of 11116 of 47
Asset utilization rating999 of 111043 of 47

Financial ratios

Funding ratiosSector median20222021202020192018
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
93%94%94%90%72%87%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%6%6%10%28%13%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%93%88%93%93%100%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%62%58%73%69%61%
Program output ratio Program output ratio =
Program services /
Total revenue
75%57%51%67%65%61%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%38%42%27%31%39%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
7%18%26%18%24%29%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%7%12%7%7%0%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.760.290.360.470.500.43
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.482.061.321.511.481.34
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.400.600.470.710.750.58
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.4773.86180.42406.9922.251111.96
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.010.010.000.040.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.4919.6025.4216.9015.3220.61
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
7%1%1%1%5%3%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%1%2%3%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
107%338%279%211%189%224%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$3,329,679$4,249,432$2,768,341$2,407,526$1,987,544
Receivables, inventories, prepaids$0$6$0$0$1,751
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$3,329,679$4,249,438$2,768,341$2,407,526$1,989,295
Long-term investments$0$0$0$0$0
Fixed assets$3,513,863$1,356,914$1,412,709$429,376$451,008
Other long-term assets$6,134$0$0$731,058$234,753
Total long-term assets$3,519,997$1,356,914$1,412,709$1,160,434$685,761
Total assets$6,849,676$5,606,352$4,181,050$3,567,960$2,675,056
 
Liabilities20222021202020192018
Payables and accrued expenses$45,080$23,553$6,802$108,195$1,789
Other current liabilities$0$0$0$0$0
Total current liabilities$45,080$23,553$6,802$108,195$1,789
Debt$0$16,107$38,425$61,647$80,734
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$16,107$38,425$61,647$80,734
Total liabilities$45,080$39,660$45,227$169,842$82,523
 
Net assets20222021202020192018
Without donor restrictions$6,804,596$5,566,692$4,135,823$3,398,118$2,592,533
With donor restrictions$0$0$0$0$0
Net assets$6,804,596$5,566,692$4,135,823$3,398,118$2,592,533
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$3,058,176$3,222,888$2,438,723$1,868,176$1,645,763
Program service revenue$190,403$49,564$78,917$525,526$64,445
Membership dues$0$0$0$0$0
Investment income$0$0$0$0$0
Other revenue$0$153,351$184,227$206,342$188,182
Total other revenue$190,403$202,915$263,144$731,868$252,627
Total revenue$3,248,579$3,425,803$2,701,867$2,600,044$1,898,390
 
Expenses20222021202020192018
Program services$1,862,147$1,760,516$1,816,241$1,680,784$1,157,419
Management and general$140,528$234,168$144,200$119,822$0
Fundraising$8,000$250$391$0$0
Total expenses$2,010,675$1,994,934$1,960,832$1,800,606$1,157,419
 
Change in net assets20222021202020192018
Surplus (deficit)$1,237,904$1,430,869$741,035$799,438$740,971
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,237,904$1,430,869$741,035$799,438$740,971

Compensation

NameTitleCompensation
Brian HardinPresident$216,226
Jill HardinDirector$55,500

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 12/20/2023. To update the information below, please email: [email protected]


History


Program accomplishments


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