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
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Educational Media
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 494 of 1117 | 19 of 45 |
| Fund acquisition rating | | 100 of 1118 | 3 of 45 |
| Resource allocation rating | | 475 of 1118 | 17 of 45 |
| Asset utilization rating | | 990 of 1117 | 42 of 45 |
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 8% | 1% | 0% | 0% | 0% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 7% | 1% | 0% | 0% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 93% | 94% | 94% | 94% | 90% | 72% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 7% | 1% | 0% | 0% | 0% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 7% | 6% | 6% | 6% | 10% | 28% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 81% | 85% | 93% | 88% | 93% | 92% |
Spending ratio Spending ratio = Total expenses / Total revenue | 94% | 57% | 62% | 58% | 73% | 70% |
Program output ratio Program output ratio = Program services / Total revenue | 77% | 48% | 57% | 51% | 67% | 65% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 6% | 43% | 38% | 42% | 27% | 30% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 7% | 18% | 18% | 26% | 18% | 23% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 12% | 14% | 7% | 12% | 7% | 8% |
| Investing ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.78 | 0.23 | 0.29 | 0.36 | 0.47 | 0.51 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.48 | 1.70 | 2.06 | 1.32 | 1.51 | 1.48 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.47 | 0.39 | 0.60 | 0.47 | 0.71 | 0.76 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 14.32 | 133.78 | 73.86 | 180.42 | 406.99 | 17.81 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.01 | 0.01 | 0.01 | 0.00 | 0.06 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.92 | 30.59 | 19.60 | 25.42 | 16.90 | 14.93 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 8% | 0% | 1% | 1% | 1% | 6% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 1% | 2% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 98% | 434% | 338% | 279% | 211% | 185% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Cash | $4,892,291 | $3,329,679 | $4,249,432 | $2,768,341 | $2,407,626 |
| Receivables, inventories, prepaids | $0 | $0 | $6 | $0 | $1,751 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $4,892,291 | $3,329,679 | $4,249,438 | $2,768,341 | $2,409,377 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $3,417,158 | $3,513,863 | $1,356,914 | $1,412,709 | $429,376 |
| Other long-term assets | $0 | $6,134 | $0 | $0 | $731,058 |
| Total long-term assets | $3,417,158 | $3,519,997 | $1,356,914 | $1,412,709 | $1,160,434 |
| Total assets | $8,309,449 | $6,849,676 | $5,606,352 | $4,181,050 | $3,569,811 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| Payables and accrued expenses | $36,571 | $45,080 | $23,553 | $6,802 | $135,245 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $36,571 | $45,080 | $23,553 | $6,802 | $135,245 |
| Debt | $0 | $0 | $16,107 | $38,425 | $61,647 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $0 | $0 | $16,107 | $38,425 | $61,647 |
| Total liabilities | $36,571 | $45,080 | $39,660 | $45,227 | $196,892 |
| Net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Without donor restrictions | $8,272,878 | $6,804,596 | $5,566,692 | $4,135,823 | $3,372,919 |
| With donor restrictions | $0 | $0 | $0 | $0 | $0 |
| Net assets | $8,272,878 | $6,804,596 | $5,566,692 | $4,135,823 | $3,372,919 |
| Revenues and expenses | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| Total contributions | $3,177,212 | $3,058,176 | $3,222,888 | $2,438,723 | $1,868,176 |
| Program service revenue | $186,442 | $190,403 | $49,564 | $78,917 | $525,526 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $3 | $0 | $0 | $0 | $0 |
| Other revenue | $584 | $0 | $153,351 | $184,227 | $206,342 |
| Total other revenue | $187,029 | $190,403 | $202,915 | $263,144 | $731,868 |
| Total revenue | $3,364,241 | $3,248,579 | $3,425,803 | $2,701,867 | $2,600,044 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| Program services | $1,614,742 | $1,862,147 | $1,760,516 | $1,816,241 | $1,680,784 |
| Management and general | $268,828 | $140,528 | $234,168 | $144,200 | $146,871 |
| Fundraising | $21,327 | $8,000 | $250 | $391 | $0 |
| Total expenses | $1,904,897 | $2,010,675 | $1,994,934 | $1,960,832 | $1,827,655 |
| Change in net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Surplus (deficit) | $1,459,344 | $1,237,904 | $1,430,869 | $741,035 | $772,389 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $1,459,344 | $1,237,904 | $1,430,869 | $741,035 | $772,389 |
Compensation
| Name | Title | Compensation |
| Brian Hardin | President | $180,000 |
Compensation data as of: 12/31/2023
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]