Words of Hope, Inc.
The information on this page was last updated 5/24/2023. If you see errors or omissions, please email: [email protected]
Summary
Words of Hope isn't just a devotional ministry, and it's not just a missions agency either! As you connect daily to the truths of Scripture with Words of Hope, you will also grow in your appreciation of and care for the global church. Resources you donate to the ministry will go directly to providing access to Scripture for people living around the world. Their stories of conversion, faith, and discipleship will encourage your own faith walk, and the global church will be built near and far!
Contact information
Mailing address:
Words of Hope, Inc.
700 Ball Ave., NE
Grand Rapids, MI 49503
Website: woh.org
Phone: (616) 459-6181
Email: [email protected]
Organization details
EIN: 381335605
CEO/President: Rev. Jon Opgenorth
Chairman: Skip Pylman
Board size: 15
Founder: Reformed Church of America, General Synod
Ruling year: 1950
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 1980
Purpose
To proclaim Jesus Christ through broadcasting in the languages of the world's peoples, seeking with our partners in ministry to build the church by winning the uncommitted to faith in Christ and by encouraging Christians in the life of discipleship.
Mission statement
The mission of Words of Hope is to provide people both near and far with daily access to God's Word.
Statement of faith
At Words of Hope, we believe that Jesus Christ is the hope of the world. We believe that the Bible reveals God's truth. We believe that God commissions us to make disciples of all nations. We affirm the Apostles' Creed.
Donor confidence score
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Foreign Missions
This ministry has not been rated.
Financial ratios
| Funding ratios | Sector median | 2013 | 2012 | 2011 | 2010 | 2009 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 14% | 18% | 17% | 16% | 15% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 13% | 18% | 15% | 14% | 14% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 99% | 95% | 99% | 93% | 91% | 93% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 16% | 19% | 17% | 14% | 12% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 1% | 5% | 1% | 7% | 9% | 7% |
| Operating ratios | Sector median | 2013 | 2012 | 2011 | 2010 | 2009 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 66% | 62% | 66% | 64% | 69% |
Spending ratio Spending ratio = Total expenses / Total revenue | 99% | 82% | 94% | 89% | 99% | 115% |
Program output ratio Program output ratio = Program services / Total revenue | 82% | 54% | 58% | 58% | 63% | 80% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 1% | 18% | 6% | 11% | 1% | -15% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | 22% | 8% | 16% | 2% | -21% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 8% | 18% | 19% | 17% | 21% | 19% |
| Investing ratios | Sector median | 2013 | 2012 | 2011 | 2010 | 2009 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.35 | 0.93 | 1.05 | 1.16 | 1.40 | 1.47 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.22 | 4.06 | 3.68 | 4.36 | 4.86 | 4.57 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.02 | 3.78 | 3.88 | 5.04 | 6.78 | 6.71 |
| Liquidity ratios | Sector median | 2013 | 2012 | 2011 | 2010 | 2009 |
Current ratio Current ratio = Total current assets / Total current liabilities | 19.08 | 14.29 | 17.61 | 10.71 | 14.81 | 9.37 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.05 | 0.07 | 0.06 | 0.09 | 0.07 | 0.11 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.58 | 2.95 | 2.92 | 2.16 | 1.65 | 1.60 |
| Solvency ratios | Sector median | 2013 | 2012 | 2011 | 2010 | 2009 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 7% | 6% | 8% | 8% | 7% | 9% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 68% | 101% | 87% | 79% | 66% | 62% |
Financials
| Balance sheet | |||||
| Assets | 2013 | 2012 | 2011 | 2010 | 2009 |
| Cash | $630,970 | $437,277 | $469,263 | $387,970 | $289,192 |
| Receivables, inventories, prepaids | $189,493 | $288,343 | $45,273 | $32,188 | $155,974 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $50,000 | $0 | $0 |
| Total current assets | $820,463 | $725,620 | $564,536 | $420,158 | $445,166 |
| Long-term investments | $2,007,017 | $1,304,481 | $1,474,799 | $1,242,658 | $1,194,094 |
| Fixed assets | $82,923 | $80,784 | $87,977 | $95,485 | $85,387 |
| Other long-term assets | $422,270 | $558,690 | $333,449 | $282,323 | $309,479 |
| Total long-term assets | $2,512,210 | $1,943,955 | $1,896,225 | $1,620,466 | $1,588,960 |
| Total assets | $3,332,673 | $2,669,575 | $2,460,761 | $2,040,624 | $2,034,126 |
| Liabilities | 2013 | 2012 | 2011 | 2010 | 2009 |
| Payables and accrued expenses | $57,424 | $41,194 | $52,721 | $28,378 | $47,494 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $57,424 | $41,194 | $52,721 | $28,378 | $47,494 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $149,520 | $176,490 | $150,949 | $117,532 | $126,394 |
| Total long-term liabilities | $149,520 | $176,490 | $150,949 | $117,532 | $126,394 |
| Total liabilities | $206,944 | $217,684 | $203,670 | $145,910 | $173,888 |
| Net assets | 2013 | 2012 | 2011 | 2010 | 2009 |
| Without donor restrictions | $1,498,969 | $783,140 | $1,020,536 | $672,002 | $680,791 |
| With donor restrictions | $1,626,760 | $1,668,751 | $1,236,555 | $1,222,712 | $1,179,447 |
| Net assets | $3,125,729 | $2,451,891 | $2,257,091 | $1,894,714 | $1,860,238 |
| Revenues and expenses | |||||
| Revenue | 2013 | 2012 | 2011 | 2010 | 2009 |
| Total contributions | $3,575,605 | $2,965,611 | $2,980,306 | $2,616,596 | $2,422,805 |
| Program service revenue | $0 | $0 | $0 | $0 | $126,581 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $154,442 | ($50,524) | $134,865 | $163,382 | ($61,883) |
| Other revenue | $48,947 | $93,528 | $91,267 | $104,807 | $113,265 |
| Total other revenue | $203,389 | $43,004 | $226,132 | $268,189 | $177,963 |
| Total revenue | $3,778,994 | $3,008,615 | $3,206,438 | $2,884,785 | $2,600,768 |
| Expenses | 2013 | 2012 | 2011 | 2010 | 2009 |
| Program services | $2,037,496 | $1,745,632 | $1,864,750 | $1,830,322 | $2,075,581 |
| Management and general | $568,768 | $532,187 | $482,512 | $612,712 | $553,346 |
| Fundraising | $498,892 | $535,996 | $496,799 | $407,275 | $360,325 |
| Total expenses | $3,105,156 | $2,813,815 | $2,844,061 | $2,850,309 | $2,989,252 |
| Change in net assets | 2013 | 2012 | 2011 | 2010 | 2009 |
| Surplus (deficit) | $673,838 | $194,800 | $362,377 | $34,476 | ($388,484) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $673,838 | $194,800 | $362,377 | $34,476 | ($388,484) |
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 5/24/2023. To update the information below, please email: [email protected]
History
In 1944, the Rev. Howard Teusink, then pastor of the Trinity Reformed Church of Kalamazoo, Michigan, stayed home one Sunday morning, too sick to preach. From his bed he turned his radio dial, searching for a gospel broadcast. After listening for some time, he became convinced of the need for a radio broadcast with a sound, well-balanced biblical witness.
At the urging of Rev. Teusink's consistory, the ministry of Words of Hope officially began under the name "Temple Time." The ministry's purpose statement was: "to preach through broadcasting Jesus Christ as the only Savior."
The first broadcast of the new ministry aired on July 22, 1945, from the Central Reformed Church of Grand Rapids, Michigan. Dr. William Goulooze, then Professor of Church History at Western Theological Seminary in Holland, Michigan, presented a message titled, "Consider Christ Jesus."
Preaching Christ as Savior remains the core goal of the ministry of Words of Hope today, as we continue to expand our reach into new countries and languages, utilizing new media formats as they become available.