Blue Letter Bible

The information on this page was last updated 3/30/2023. If you see errors or omissions, please email: [email protected]


Summary

Blue Letter Bible is a free, searchable online Bible program providing access to many different Bible translations including: KJV, NKJV, NLT, ESV, NASB20, NASB95 and many others. In addition, in-depth study tools are provided on the site with access to commentaries, encyclopedias, dictionaries, and other theological resources.


Contact information

Mailing address:
Blue Letter Bible
29 Rancho Circle
Lake Forest, CA 92630

Website: blueletterbible.org

Phone: (949) 600-6000

Email: [email protected]


Organization details

EIN: 472951572

CEO/President: James P Milligan

Chairman: James P Milligan

Board size: 12

Founder: James P Milligan

Ruling year: 2015

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2019


Purpose

Blue Letter Bible's ultimate goal is to proclaim the Gospel of Jesus by making the written Word of God available to all for free.


Mission statement


Statement of faith

Our statement of faith, mission, and resources are grounded in the historical, conservative Christian faith.

We affirm the Bible to be the inspired, inerrant, and the only infallible and authoritative Word of God. We affirm the Chicago Statement on Biblical Inerrancy.

We affirm that there is one God, eternally existent in three distinct persons: Father, Son, and Holy Spirit.

We affirm the deity of our Lord Jesus Christ, His virgin birth, His sinless life, His miracles, His vicarious and atoning death through His shed blood, His bodily resurrection, His ascension to the right hand of the Father, and His personal return in power and glory.

We affirm that for the salvation of lost and sinful people, regeneration by the Holy Spirit is absolutely essential.

We affirm the present ministry of the Holy Spirit by whose indwelling the Christian is enabled to live a godly life.

We affirm the resurrection of both the saved and the lost: they that are saved unto the resurrection of life and they that are lost unto the resurrection of damnation.

We affirm the spiritual unity of believers in our Lord Jesus Christ.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Educational Media

CategoryRatingOverall rankSector rank
Overall efficiency rating532 of 107726 of 47
Fund acquisition rating897 of 107842 of 47
Resource allocation rating450 of 107821 of 47
Asset utilization rating257 of 107711 of 47

Financial ratios

Funding ratiosSector median20212019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%14%19%17%26%26%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
7%14%18%16%25%25%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
94%99%97%98%95%96%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
7%16%17%15%16%17%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
6%1%3%2%5%4%
 
Operating ratiosSector median20212019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%82%80%82%82%76%
Spending ratio Spending ratio =
Total expenses /
Total revenue
87%87%107%105%157%144%
Program output ratio Program output ratio =
Program services /
Total revenue
69%72%86%86%128%110%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
13%13%-7%-5%-57%-44%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
21%24%-12%-8%-49%-26%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%2%3%3%2%6%
 
Investing ratiosSector median20212019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.791.221.631.501.290.82
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.651.311.631.571.521.35
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.341.602.662.361.961.10
 
Liquidity ratiosSector median20212019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.473.055.5410.5412.5140.64
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.330.180.090.080.02
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.325.053.704.605.6310.63
 
Solvency ratiosSector median20212019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
12%25%11%6%5%2%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
104%61%54%63%74%120%

Financials

Balance sheet
 
Assets20212019201820172016
Cash$1,641,357$869,425$944,052$1,029,303$1,721,216
Receivables, inventories, prepaids$253$1,280$593$27,979$0
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,641,610$870,705$944,645$1,057,282$1,721,216
Long-term investments$0$0$0$0$0
Fixed assets$39,596$71,197$78,911$89,500$97,648
Other long-term assets$464,442$477,850$462,242$462,454$499,339
Total long-term assets$504,038$549,047$541,153$551,954$596,987
Total assets$2,145,648$1,419,752$1,485,798$1,609,236$2,318,203
 
Liabilities20212019201820172016
Payables and accrued expenses$299,759$157,069$89,628$84,509$42,348
Other current liabilities$239,146$0$0$0$0
Total current liabilities$538,905$157,069$89,628$84,509$42,348
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$0$0
Total liabilities$538,905$157,069$89,628$84,509$42,348
 
Net assets20212019201820172016
Without donor restrictions$1,606,743$1,262,683$1,396,170$1,524,727$2,275,855
With donor restrictions$0$0$0$0$0
Net assets$1,606,743$1,262,683$1,396,170$1,524,727$2,275,855
 
Revenues and expenses
 
Revenue20212019201820172016
Total contributions$2,966,977$2,098,792$2,072,674$1,250,532$1,263,226
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$10,031$18,871$15,166$38,476$3,130
Other revenue$30,661$45,212$35,880$33,311$47,346
Total other revenue$40,692$64,083$51,046$71,787$50,476
Total revenue$3,007,669$2,162,875$2,123,720$1,322,319$1,313,702
 
Expenses20212019201820172016
Program services$2,152,687$1,860,934$1,832,750$1,694,339$1,448,262
Management and general$42,933$60,099$56,104$49,782$118,599
Fundraising$426,357$395,997$342,229$329,988$327,974
Total expenses$2,621,977$2,317,030$2,231,083$2,074,109$1,894,835
 
Change in net assets20212019201820172016
Surplus (deficit)$385,692($154,155)($107,363)($751,790)($581,133)
Other changes in net assets$0$0$0$0$0
Total change in net assets$385,692($154,155)($107,363)($751,790)($581,133)

Compensation

NameTitleCompensation
James P MilliganPresident & CEO$180,414
Alan PearsonDonor Relations$172,902
Andrew J GuastaferroCOO/CFO$167,058
Meherdad VachhaIT Manager$161,362

Compensation data as of: 12/31/2019


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 3/30/2023. To update the information below, please email: [email protected]


History

For a timeline, visit: https://www.blueletterbible.org/about/history.cfm


Program accomplishments


Needs