Wycliffe Bible Translation Foundation 
The information on this page was last updated 12/31/2022. If you see errors or omissions, please email: [email protected]
Summary
At the Wycliffe Foundation we help people invest in Bible translation through charitable gift and estate planning.
Contact information
Mailing address:
Wycliffe Bible Translation Foundation
PO Box 620486
Orlando, FL 32862
Website: wycliffefoundation.org
Phone: 877-493-3600
Email: [email protected]
Organization details
EIN: 330549221
CEO/President: Charles DeVries
Chairman: Vicky Mixson and Chris Winkler
Board size: 10
Founder:
Ruling year: 2003
Tax deductible: Yes
Fiscal year end:
Member of ECFA: Yes
Member of ECFA since: 1980
Purpose
Vision: For people from every language to understand the Bible and be transformed.
Mission statement
The mission of Wycliffe Foundation is to provide professional, donor-centered gift-planning services, helping people use their God-given assets to impact his kingdom through Bible translation.
Statement of faith
WE BELIEVE IN ONE GOD.
The one God exists eternally in three persons - the Father, the Son and the Holy Spirit.
We believe the Bible is the inspired Word of God, and is completely trustworthy, speaking with supreme authority in all matters of belief and practice.
We believe all people are created in the image of God and have intrinsic value, but as a result of sin are alienated from God and each other, and therefore in need of reconciliation.
We believe the Church is the body of Christ, the fellowship of all believers and is commissioned to make disciples of all nations.
WE BELIEVE JESUS IS THE SON OF GOD.
He was born of the virgin Mary, and he is fully God and fully human. He demonstrated God's love for sinners by suffering the penalty of death in their place, rose bodily from the dead and ascended to heaven where he intercedes for his people.
We believe all who repent and trust in Jesus Christ alone as Lord and Savior are, by the grace of God, declared to be right with him, receiving forgiveness and eternal life.
We believe the Lord Jesus Christ will return personally in glory, raise the dead and judge the world.
WE BELIEVE IN ETERNAL LIFE.
We believe all people will rise from the dead - those who are in Christ to enjoy eternal life with God and those who are lost to suffer eternal separation from him.
We believe in the Holy Spirit who imparts new life to those who believe in Christ. Through his indwelling presence and transforming power he gives assurance and equips believers for holy living and effective service.
Donor confidence score
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Bible Translation Organizations
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 591 of 1085 | 9 of 16 |
| Fund acquisition rating | | 546 of 1088 | 10 of 16 |
| Resource allocation rating | | 82 of 1088 | 2 of 16 |
| Asset utilization rating | | 1082 of 1085 | 16 of 16 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 8% | 8% | 8% | 6% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 7% | 8% | 8% | 6% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 98% | 99% | 99% | 99% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 8% | 8% | 8% | 6% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 2% | 1% | 1% | 1% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 90% | 90% | 93% |
Spending ratio Spending ratio = Total expenses / Total revenue | 90% | 100% | 100% | 101% |
Program output ratio Program output ratio = Program services / Total revenue | 71% | 89% | 90% | 94% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 10% | 0% | 0% | -1% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 14% | 2% | -3% | -8% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 7% | 2% | 2% | 2% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.03 | 0.27 | 0.29 | 0.37 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.28 | 18.31 | 18.22 | 17.61 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.72 | 4.98 | 5.26 | 6.46 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 10.06 | 25.30 | 19.01 | 22.24 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.10 | 0.04 | 0.05 | 0.04 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.74 | 2.32 | 2.16 | 1.77 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 17% | 95% | 95% | 95% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 69% | 19% | 18% | 15% |
Financials
| Balance sheet | |||
| Assets | 2020 | 2019 | 2018 |
| Cash | $153,512 | $155,627 | $122,602 |
| Receivables, inventories, prepaids | $23,230 | $3,957 | $3,649 |
| Short-term investments | $1,629,840 | $1,633,943 | $1,700,905 |
| Other current assets | $0 | $0 | $0 |
| Total current assets | $1,806,582 | $1,793,527 | $1,827,156 |
| Long-term investments | $0 | $0 | $0 |
| Fixed assets | $0 | $0 | $0 |
| Other long-term assets | $31,263,052 | $30,885,850 | $30,354,410 |
| Total long-term assets | $31,263,052 | $30,885,850 | $30,354,410 |
| Total assets | $33,069,634 | $32,679,377 | $32,181,566 |
| Liabilities | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $71,416 | $94,345 | $82,139 |
| Other current liabilities | $0 | $0 | $0 |
| Total current liabilities | $71,416 | $94,345 | $82,139 |
| Debt | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 |
| Other long-term liabilities | $31,263,052 | $30,885,850 | $30,354,410 |
| Total long-term liabilities | $31,263,052 | $30,885,850 | $30,354,410 |
| Total liabilities | $31,334,468 | $30,980,195 | $30,436,549 |
| Net assets | 2020 | 2019 | 2018 |
| Without donor restrictions | $105,326 | $65,239 | $44,112 |
| With donor restrictions | $1,629,840 | $1,633,943 | $1,700,905 |
| Net assets | $1,735,166 | $1,699,182 | $1,745,017 |
| Revenues and expenses | |||
| Revenue | 2020 | 2019 | 2018 |
| Total contributions | $8,917,212 | $9,296,194 | $11,493,218 |
| Program service revenue | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 |
| Investment income | $99,051 | $55,641 | $132,554 |
| Other revenue | $7,782 | $40,184 | $41,048 |
| Total other revenue | $106,833 | $95,825 | $173,602 |
| Total revenue | $9,024,045 | $9,392,019 | $11,666,820 |
| Expenses | 2020 | 2019 | 2018 |
| Program services | $8,057,891 | $8,495,012 | $10,929,186 |
| Management and general | $206,361 | $209,580 | $183,200 |
| Fundraising | $723,809 | $733,262 | $690,823 |
| Total expenses | $8,988,061 | $9,437,854 | $11,803,209 |
| Change in net assets | 2020 | 2019 | 2018 |
| Surplus (deficit) | $35,984 | ($45,835) | ($136,389) |
| Other changes in net assets | $0 | $0 | $0 |
| Total change in net assets | $35,984 | ($45,835) | ($136,389) |
Compensation
Compensation data for this ministry has not been collected.
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 12/31/2022. To update the information below, please email: [email protected]