The Finishing Fund

The information on this page was last updated 12/20/2023. If you see errors or omissions, please email: [email protected]


Summary

The Finishing Fund is a group of kingdom investors giving together to finish the Great Commission.


Contact information

Mailing address:
8902 COLTSFOOT TRACE
Prospect , KY 40059

Website: https://www.finishingfund.org/

Phone: (502) 435-1363

Email: [email protected]


Organization details

EIN: 822745658

CEO/President: Douglas Cobb

Chairman:

Board size: 8

Founder: Douglas Cobb

Ruling year: 2019

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

The Finishing Fund is accelerating the effort to complete Jesus Great Commission so that there are "disciples in every nation" by 2023.


Mission statement

Our mission is to "make disciples of every nation" by the end of 2023.


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Evangelism Support

CategoryRatingOverall rankSector rank
Overall efficiency rating94 of 11104 of 35
Fund acquisition rating437 of 111114 of 35
Resource allocation rating228 of 11114 of 35
Asset utilization rating64 of 11102 of 35

Financial ratios

Funding ratiosSector median2022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%5%2%1%2%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%5%2%1%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%100%100%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%5%1%1%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%0%0%0%0%
 
Operating ratiosSector median2022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%92%98%97%93%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%97%169%71%80%
Program output ratio Program output ratio =
Program services /
Total revenue
83%90%165%69%74%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%3%-69%29%20%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%14%-254%67%100%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%2%1%1%4%
 
Investing ratiosSector median2022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.175.076.221.653.90
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.331.001.001.001.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.695.076.221.653.90
 
Liquidity ratiosSector median2022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
39.030.000.000.000.00
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.030.000.000.000.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.592.361.937.253.08
 
Solvency ratiosSector median2022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
5%0%0%0%0%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
79%20%16%60%26%

Financials

Balance sheet
 
Assets2022202120202019
Cash$523,820$451,095$1,596,885$522,003
Receivables, inventories, prepaids$0$0$0$0
Short-term investments$0$0$0$0
Other current assets$0$0$0$0
Total current assets$523,820$451,095$1,596,885$522,003
Long-term investments$0$0$0$0
Fixed assets$0$0$0$0
Other long-term assets$0$0$0$0
Total long-term assets$0$0$0$0
Total assets$523,820$451,095$1,596,885$522,003
 
Liabilities2022202120202019
Payables and accrued expenses$0$0$0$0
Other current liabilities$0$0$0$0
Total current liabilities$0$0$0$0
Debt$0$0$0$0
Due to (from) affiliates$0$0$0$0
Other long-term liabilities$0$0$0$0
Total long-term liabilities$0$0$0$0
Total liabilities$0$0$0$0
 
Net assets2022202120202019
Without donor restrictions$523,820$451,095$1,571,885$522,003
With donor restrictions$0$0$25,000$0
Net assets$523,820$451,095$1,596,885$522,003
 
Revenues and expenses
 
Revenue2022202120202019
Total contributions$2,730,890$1,660,581$3,716,263$2,557,215
Program service revenue$0$0$0$0
Membership dues$0$0$0$0
Investment income$0$0$0$0
Other revenue$0$0$0$0
Total other revenue$0$0$0$0
Total revenue$2,730,890$1,660,581$3,716,263$2,557,215
 
Expenses2022202120202019
Program services$2,456,102$2,743,462$2,573,893$1,903,422
Management and general$56,455$29,984$36,430$87,740
Fundraising$145,608$32,925$31,058$45,846
Total expenses$2,658,165$2,806,371$2,641,381$2,037,008
 
Change in net assets2022202120202019
Surplus (deficit)$72,725($1,145,790)$1,074,882$520,207
Other changes in net assets$0$0$0$0
Total change in net assets$72,725($1,145,790)$1,074,882$520,207

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 12/20/2023. To update the information below, please email: [email protected]


History


Program accomplishments

We've already committed $17.4 million
We're Supporting 32 ministries...
Working in 65 Countries...
To engage 580 people groups.
New believers are now reported in 420 groups...
with more to come.


Needs