Museum of the Bible

The information on this page was last updated 6/23/2023. If you see errors or omissions, please email: [email protected]


Summary

Museum of the Bible is a global, innovative, educational institution whose purpose is to invite all people to engage with the transformative power of the Bible. We do so through four main initiatives: our permanent museum in Washington, D.C., traveling exhibitions, education and research.


Contact information

Mailing address:
Museum of the Bible
400 4th Street SW
Washington, DC 20024

Website: museumofthebible.org

Phone: (866) 430-6682

Email: [email protected]


Organization details

EIN: 273444987

CEO/President: Harry Hargrave

Chairman: Steve Green

Board size: 11

Founder: Steve Green

Ruling year: 2011

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2015


Purpose

Making its grand opening to the public in November 2017, Museum of the Bible's 430,000-square-foot building is located just three blocks from the US Capitol in Washington, DC. Museum of the Bible aims to be among the most technologically advanced and engaging museums in the world. Showcasing rare and fascinating artifacts spanning 4,000 years of history, the museum offers visitors an immersive and personalized experience with the Bible and its ongoing impact on the world around us.

Museum of the Bible is dedicated to expanding knowledge and encouraging learning for all ages around the world. Our new Bible curriculum engages students with the history, narrative, and impact of the Bible through cutting-edge Augmented Reality technology.

Museum of the Bible supports academic research around the world.

The Tel Shimron Excavation is an exciting research initiative of Museum of the Bible, Wheaton College, and Tel Aviv University. This excavation seeks to understand the ancient world, including the world of the Bible, through rigorous archaeological investigation.

As the academic research wing of Museum of the Bible, the Scholars Initiative fosters biblical research at colleges, universities, and seminaries across the world, planning and supporting academic projects related to the languages and material culture of the Bible, and capitalizing on artifacts in the Museum Collections.


Mission statement

Museum of the Bible is a global, innovative, educational institution whose purpose is to invite all people to engage with the transformative power of the Bible.


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Christian Growth

CategoryRatingOverall rankSector rank
Overall efficiency rating1069 of 111059 of 60
Fund acquisition rating867 of 111146 of 60
Resource allocation rating889 of 111148 of 60
Asset utilization rating1097 of 111060 of 60

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%10%11%10%4%8%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%9%9%9%3%7%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
81%87%80%85%91%91%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%7%8%5%6%9%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
19%13%20%15%9%9%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%77%75%76%77%78%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%116%107%169%56%78%
Program output ratio Program output ratio =
Program services /
Total revenue
78%89%80%129%43%61%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%-16%-7%-69%44%22%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%-2%0%-7%13%7%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%16%17%19%17%13%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.020.160.070.160.160.22
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.406.987.8013.7613.0231.14
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.441.120.532.212.066.81
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.906.976.192.633.502.45
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.140.160.380.290.41
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.119.1718.813.374.161.04
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
12%2%2%8%2%15%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%5%0%13%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
82%610%1429%576%619%389%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$16,547,716$8,468,818$618,131$14,844,917$299,079
Receivables, inventories, prepaids$7,164,819$8,425,063$18,849,222$23,450,117$15,756,549
Short-term investments$41,155,377$43,579,955$15,079,983$0$0
Other current assets$0$0$0$0$0
Total current assets$64,867,912$60,473,836$34,547,336$38,295,034$16,055,628
Long-term investments$0$0$0$0$0
Fixed assets$386,458,252$411,235,165$440,516,513$459,809,950$481,450,938
Other long-term assets$1,584,856$252,035$360,677$520,605$2,463,479
Total long-term assets$388,043,108$411,487,200$440,877,190$460,330,555$483,914,417
Total assets$452,911,020$471,961,036$475,424,526$498,625,589$499,970,045
 
Liabilities20222021202020192018
Payables and accrued expenses$5,708,444$4,251,869$8,888,452$10,956,995$6,552,092
Other current liabilities$3,599,507$5,524,620$4,234,023$0$0
Total current liabilities$9,307,951$9,776,489$13,122,475$10,956,995$6,552,092
Debt$0$0$23,188,265$0$67,416,242
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$23,188,265$0$67,416,242
Total liabilities$9,307,951$9,776,489$36,310,740$10,956,995$73,968,334
 
Net assets20222021202020192018
Without donor restrictions$437,900,975$455,727,467$423,897,295$466,246,432$409,701,438
With donor restrictions$5,702,094$6,457,080$15,216,491$21,422,162$16,300,273
Net assets$443,603,069$462,184,547$439,113,786$487,668,594$426,001,711
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$54,365,444$24,146,324$38,182,684$128,097,292$127,617,416
Program service revenue$7,316,632$3,444,834$6,733,378$10,275,669$12,107,258
Membership dues$0$0$0$0$0
Investment income$909,144$3,129,681$327,645$238,897$106,866
Other revenue$83,907($350,427)($195,896)$1,842,668$188,973
Total other revenue$8,309,683$6,224,088$6,865,127$12,357,234$12,403,097
Total revenue$62,675,127$30,370,412$45,047,811$140,454,526$140,020,513
 
Expenses20222021202020192018
Program services$55,813,248$24,313,591$58,051,698$60,567,297$85,075,518
Management and general$11,527,752$5,444,825$14,215,863$13,550,216$14,613,266
Fundraising$5,356,533$2,586,543$3,937,110$4,671,546$9,712,179
Total expenses$72,697,533$32,344,959$76,204,671$78,789,059$109,400,963
 
Change in net assets20222021202020192018
Surplus (deficit)($10,022,406)($1,974,547)($31,156,860)$61,665,467$30,619,550
Other changes in net assets$0$0$0$0$0
Total change in net assets($10,022,406)($1,974,547)($31,156,860)$61,665,467$30,619,550

Compensation

NameTitleCompensation
Harry HargraveCEO$544,945
Jeffrey KlohaChief Curatorial Officer$293,179
John SharpeChief Relations Officer$250,336
David P SueyChief Admin Officer$249,335
Henry HintonChief Revenue Officer$222,357
Shannon BennettChief Marketing Officer$220,625
Rena OpertDirector of Exhibits$183,265
Francis MeehanFp&a Director$177,502
Karen PothCreative Director$173,554
Mark BensonPartner Relations Regional Dir.$173,178
David DuboisComptroller$169,125
Donna Buono JonasChief Operating Officer (thru 12/21)$158,176
Dave WaldrupChief Operation Officer (as of 1/22)$75,540

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 6/23/2023. To update the information below, please email: [email protected]


History

Reaching more than half a million people to date, our exhibits have traveled across the country and around the world. We have brought the story of the Bible to Oklahoma City, Atlanta, Charlotte, Colorado Springs, Springfield (MO), the Greater Los Angeles area, The Vatican, Jerusalem, Israel, Havana and Santiago, Cuba, and numerous colleges and universities.


Program accomplishments


Needs