The Finishing Fund 
The information on this page was last updated 7/23/2024. 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: Yes
Member of ECFA since: 2020
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
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Evangelism Support
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 45 of 1118 | 3 of 35 |
| Fund acquisition rating | | 214 of 1119 | 5 of 35 |
| Resource allocation rating | | 103 of 1119 | 5 of 35 |
| Asset utilization rating | | 176 of 1118 | 7 of 35 |
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 3% | 5% | 2% | 1% | 2% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 6% | 3% | 5% | 2% | 1% | 2% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 98% | 100% | 100% | 100% | 100% | 100% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 3% | 5% | 1% | 1% | 2% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 2% | 0% | 0% | 0% | 0% | 0% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 94% | 92% | 98% | 97% | 93% |
Spending ratio Spending ratio = Total expenses / Total revenue | 97% | 83% | 97% | 169% | 71% | 80% |
Program output ratio Program output ratio = Program services / Total revenue | 80% | 78% | 90% | 165% | 69% | 74% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 3% | 17% | 3% | -69% | 29% | 20% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 5% | 54% | 14% | -254% | 67% | 100% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 12% | 3% | 2% | 1% | 1% | 4% |
| Investing ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.23 | 2.52 | 5.07 | 6.22 | 1.65 | 3.90 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.33 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.70 | 2.52 | 5.07 | 6.22 | 1.65 | 3.90 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 31.37 | 42.55 | 0.00 | 0.00 | 0.00 | 0.00 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.03 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.59 | 4.66 | 2.36 | 1.93 | 7.25 | 3.08 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 7% | 2% | 0% | 0% | 0% | 0% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 78% | 39% | 20% | 16% | 60% | 26% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Cash | $1,160,182 | $523,820 | $451,095 | $1,596,885 | $522,003 |
| Receivables, inventories, prepaids | $18,605 | $0 | $0 | $0 | $0 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $1,178,787 | $523,820 | $451,095 | $1,596,885 | $522,003 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $0 | $0 | $0 | $0 | $0 |
| Other long-term assets | $0 | $0 | $0 | $0 | $0 |
| Total long-term assets | $0 | $0 | $0 | $0 | $0 |
| Total assets | $1,178,787 | $523,820 | $451,095 | $1,596,885 | $522,003 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| Payables and accrued expenses | $27,703 | $0 | $0 | $0 | $0 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $27,703 | $0 | $0 | $0 | $0 |
| 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 | $27,703 | $0 | $0 | $0 | $0 |
| Net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Without donor restrictions | $1,151,084 | $523,820 | $451,095 | $1,571,885 | $522,003 |
| With donor restrictions | $0 | $0 | $0 | $25,000 | $0 |
| Net assets | $1,151,084 | $523,820 | $451,095 | $1,596,885 | $522,003 |
| Revenues and expenses | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| Total contributions | $3,592,751 | $2,730,890 | $1,660,581 | $3,716,263 | $2,557,215 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 | $0 |
| Total other revenue | $0 | $0 | $0 | $0 | $0 |
| Total revenue | $3,592,751 | $2,730,890 | $1,660,581 | $3,716,263 | $2,557,215 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| Program services | $2,786,426 | $2,456,102 | $2,743,462 | $2,573,893 | $1,903,422 |
| Management and general | $85,822 | $56,455 | $29,984 | $36,430 | $87,740 |
| Fundraising | $93,239 | $145,608 | $32,925 | $31,058 | $45,846 |
| Total expenses | $2,965,487 | $2,658,165 | $2,806,371 | $2,641,381 | $2,037,008 |
| Change in net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Surplus (deficit) | $627,264 | $72,725 | ($1,145,790) | $1,074,882 | $520,207 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $627,264 | $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 7/23/2024. 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.