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.

Donor confidence score

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Educational Media

CategoryRatingOverall rankSector rank
Overall efficiency rating643 of 110432 of 47
Fund acquisition rating914 of 110540 of 47
Resource allocation rating528 of 110525 of 47
Asset utilization rating365 of 110416 of 47

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%13%14%16%19%17%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
7%13%14%16%18%16%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%99%99%98%97%98%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%17%16%16%17%15%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%1%1%2%3%2%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%81%82%83%80%82%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%80%87%102%107%105%
Program output ratio Program output ratio =
Program services /
Total revenue
74%65%72%84%86%86%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%20%13%-2%-7%-5%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
8%32%24%-4%-12%-8%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%2%2%2%3%3%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.731.141.221.461.631.50
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.481.241.311.471.631.57
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.401.411.602.152.662.36
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.476.223.052.705.5410.54
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.160.330.370.180.09
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.497.145.053.523.704.60
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%13%25%25%11%6%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
120%76%61%51%54%63%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$1,628,073$1,641,357$1,107,939$869,425$944,052
Receivables, inventories, prepaids$0$253$625$1,280$593
Short-term investments$506,724$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$2,134,797$1,641,610$1,108,564$870,705$944,645
Long-term investments$0$0$0$0$0
Fixed assets$41,825$39,596$51,678$71,197$78,911
Other long-term assets$462,638$464,442$472,366$477,850$462,242
Total long-term assets$504,463$504,038$524,044$549,047$541,153
Total assets$2,639,260$2,145,648$1,632,608$1,419,752$1,485,798
 
Liabilities20222021202020192018
Payables and accrued expenses$343,105$299,759$234,277$157,069$89,628
Other current liabilities$0$239,146$176,756$0$0
Total current liabilities$343,105$538,905$411,033$157,069$89,628
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$343,105$538,905$411,033$157,069$89,628
 
Net assets20222021202020192018
Without donor restrictions$2,296,155$1,606,743$1,221,575$1,262,683$1,396,170
With donor restrictions$0$0$0$0$0
Net assets$2,296,155$1,606,743$1,221,575$1,262,683$1,396,170
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$3,699,233$2,966,977$2,277,736$2,098,792$2,072,674
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$28,251$10,031$9,302$18,871$15,166
Other revenue$24,998$30,661$48,751$45,212$35,880
Total other revenue$53,249$40,692$58,053$64,083$51,046
Total revenue$3,752,482$3,007,669$2,335,789$2,162,875$2,123,720
 
Expenses20222021202020192018
Program services$2,451,101$2,152,687$1,968,389$1,860,934$1,832,750
Management and general$60,532$42,933$41,698$60,099$56,104
Fundraising$498,850$426,357$369,820$395,997$342,229
Total expenses$3,010,483$2,621,977$2,379,907$2,317,030$2,231,083
 
Change in net assets20222021202020192018
Surplus (deficit)$741,999$385,692($44,118)($154,155)($107,363)
Other changes in net assets$0$0$0$0$0
Total change in net assets$741,999$385,692($44,118)($154,155)($107,363)

Compensation

NameTitleCompensation
James P MilliganPresident &$199,238
Andrew J GuastaferroCOO/CFO$186,317
Alan PearsonDir Donor Re$184,834
Meherdad Joshua VachhaIT Projectsp$164,187
Jordan ReplogleIT Manager$161,730
Cameron MorganWeb Designer$126,549

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 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