Word for the World USA

The information on this page was last updated 12/21/2023. If you see errors or omissions, please email: [email protected]


Summary



The Word For The World trains Bibleless people to translate the Bible into their own language. Become part of the vision to bring God's Word to all people in their heart language by 2050!


Contact information

Mailing address:
Word for the World USA
PO Box 26363
Colorado Springs, CO 80936

Website: twftwusa.org

Phone: 719-594-2052

Email: [email protected]


Organization details

EIN: 841426685

CEO/President: Dr. Chris de Wet

Chairman: Dr. Paul Quinlan, U.S. chair

Board size: 7

Founder: Dr. Veroni Krger

Ruling year: 1997

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2013


Purpose

The vision of The Word For The World is the glory of God through transformed lives by the power of his Word in everyone's heart language.


Mission statement

To enable persons, ministries and organizations from language communities that do not have the Bible in their own language yet to take responsibility for Bible translation and related activities and to ensure its availability and accessibility.


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Bible Translation Organizations

CategoryRatingOverall rankSector rank
Overall efficiency rating213 of 11041 of 16
Fund acquisition rating249 of 11052 of 16
Resource allocation rating202 of 11054 of 16
Asset utilization rating616 of 11046 of 16

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%3%5%5%6%8%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%3%5%5%6%8%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%100%100%100%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
7%4%6%5%6%8%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%0%0%0%0%0%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%90%87%88%87%84%
Spending ratio Spending ratio =
Total expenses /
Total revenue
93%77%89%89%98%96%
Program output ratio Program output ratio =
Program services /
Total revenue
76%69%77%78%85%81%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
7%23%11%11%2%4%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
11%57%35%45%13%15%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
7%6%7%7%7%8%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.961.161.191.261.311.21
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.231.011.001.001.001.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.921.171.191.261.311.22
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.042.601.701.601.321.51
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.390.590.630.760.66
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.496.314.163.562.253.34
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
15%39%59%65%75%66%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%2%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
80%53%35%28%19%28%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$6,331,472$4,111,511$3,129,459$2,470,716$1,548,826
Receivables, inventories, prepaids$34,508$0$0$0$0
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$6,365,980$4,111,511$3,129,459$2,470,716$1,548,826
Long-term investments$0$0$0$0$0
Fixed assets$0$0$0$0$897
Other long-term assets$49,362$2,474$2,474$2,474$2,474
Total long-term assets$49,362$2,474$2,474$2,474$3,371
Total assets$6,415,342$4,113,985$3,131,933$2,473,190$1,552,197
 
Liabilities20222021202020192018
Payables and accrued expenses$0$1,690$30,316$1,052$0
Other current liabilities$2,452,814$2,410,971$1,927,379$1,865,682$1,023,502
Total current liabilities$2,452,814$2,412,661$1,957,695$1,866,734$1,023,502
Debt$0$0$65,949$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$44,432$0$0$0$0
Total long-term liabilities$44,432$0$65,949$0$0
Total liabilities$2,497,246$2,412,661$2,023,644$1,866,734$1,023,502
 
Net assets20222021202020192018
Without donor restrictions$2,283,636$1,136,447$707,365$606,456$402,051
With donor restrictions$1,634,460$564,877$400,924$0$126,644
Net assets$3,918,096$1,701,324$1,108,289$606,456$528,695
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$9,630,010$5,476,949$4,433,439$3,304,551$1,962,473
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$23,408$14,408$13,063$1,598$0
Other revenue$4,054$0$0$0$0
Total other revenue$27,462$14,408$13,063$1,598$0
Total revenue$9,657,472$5,491,357$4,446,502$3,306,149$1,962,473
 
Expenses20222021202020192018
Program services$6,692,990$4,252,320$3,467,442$2,808,332$1,586,074
Management and general$427,246$357,308$272,228$234,523$150,509
Fundraising$320,464$288,694$204,999$185,533$148,162
Total expenses$7,440,700$4,898,322$3,944,669$3,228,388$1,884,745
 
Change in net assets20222021202020192018
Surplus (deficit)$2,216,772$593,035$501,833$77,761$77,728
Other changes in net assets$0$0$0$0$0
Total change in net assets$2,216,772$593,035$501,833$77,761$77,728

Compensation

NameTitleCompensation
Dr Veroni KrugerFounder$109,000
Peter BradleyCEO (through 10/01/2022)$105,000
Stacy PraterDirector of Finance$70,000
Travis WilliamsBoard Member$11,250

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 12/21/2023. To update the information below, please email: [email protected]


History


Program accomplishments

TWFTW has over 168 Bible translation projects in progress, with many more ready to begin. With God's leading and with partners like you, we are working alongside 10 leading Bible translation agencies to bring the Gospel to Bible-less community by 2050.


Needs