Faith Comes By Hearing / Hosanna Ministries

The information on this page was last updated 6/21/2022. If you see errors or omissions, please email: [email protected]


Summary

We record reliable translations of God's Word in the languages of the world in collaboration with heart-language speakers and have initiated Oral Bible Translation projects.

We freely provide Bible recordings to communities around the world and equip local believers to host Audio Bible listening programs.

We partner with like-minded ministries to share God's Word and engage the last, least, and forgotten like never before.


Contact information

Mailing address:
Faith Comes By Hearing
2421 Aztec Road, NE
Albuquerque, NM 87107-4200

Website: faithcomesbyhearing.com

Phone: (800) 545-6552

Email: [email protected]


Organization details

EIN: 850223225

CEO/President: Jerry & Anet Jackson

Chairman: Mr. Murray Crawford

Board size: 12

Founder: Jerry and Anet Jackson

Ruling year: 1972

Tax deductible: Yes

Fiscal year end: 03/31

Member of ECFA: No

Member of ECFA since:


Purpose

VISION 2033
GOD'S AUDIBLE WORD FOR ALL

And this gospel of the kingdom will be proclaimed throughout the whole world as a testimony to all nations, and then the end will come. - Matthew 24:14

Here are some staggering facts: Earth's population numbers in the billions, and it's growing every day. There are over 7,100 languages spoken all over the world. 70% of all humanity live in oral communities, and 50% cannot read at a functional level. How will they ever hear the Gospel? There's no way that one ministry can complete this task alone.

Praise God: We are not alone.
Faith Comes By Hearing has come alongside the worldwide translation community in a movement to finish the task-to ensure that everyone on Earth has access to Jesus Christ's Gospel in a format they can understand. The various ministries carrying out this work have entered into an unprecedented time of unity, meaning that at long last, after two thousand-plus years, we can finally see the finish line.

Our goal: To work in partnership to see that the Word of God is recorded and freely provided in every language that needs it by the year 2033.

This is it. The final sprint. The Great Commission completed in our generation.


Mission statement

We share God's Word with the last, the least, and the forgotten.


Statement of faith

Faith Comes By Hearing exists to proclaim Jesus Christ as Lord in all that we do. Trusting in Jesus Christ as our Savior, we believe in:

The Bible as the inspired Word of God.

The Deity of our Lord Jesus Christ, God's Son.

The vicarious death of Jesus Christ for our sins, His bodily resurrection, and His personal return.

The presence and power of the Holy Spirit in the work of regeneration.

Donor confidence score

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Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Bible Translation Organizations

CategoryRatingOverall rankSector rank
Overall efficiency rating529 of 10336 of 16
Fund acquisition rating238 of 10353 of 16
Resource allocation rating408 of 10355 of 16
Asset utilization rating938 of 103314 of 16

Click here to read Faith Comes By Hearing / Hosanna Ministries' response to our ratings


Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%4%5%7%7%5%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%4%5%7%7%5%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%99%99%99%99%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
8%6%7%9%8%6%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%1%1%1%1%1%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%88%87%85%86%88%
Spending ratio Spending ratio =
Total expenses /
Total revenue
90%71%68%81%81%88%
Program output ratio Program output ratio =
Program services /
Total revenue
75%63%59%69%70%77%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
10%29%32%19%19%12%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
13%13%19%10%11%8%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
7%5%5%6%6%6%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.930.290.370.430.430.52
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.282.172.483.063.814.66
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.450.630.931.321.662.44
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.729.279.447.616.206.18
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.090.110.110.130.160.16
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.6217.0211.577.896.084.12
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
13%5%4%4%4%3%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
80%327%256%222%220%184%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$23,184,186$18,943,865$10,434,059$7,917,859$5,865,986
Receivables, inventories, prepaids$4,135,270$3,112,893$4,110,583$2,541,112$1,741,586
Short-term investments$0$0$0$0$0
Other current assets$1,800,697$6,797$31,797$37,297$6,197
Total current assets$29,120,153$22,063,555$14,576,439$10,496,268$7,613,769
Long-term investments$0$0$0$0$0
Fixed assets$2,549,074$1,432,163$1,311,732$1,076,914$862,441
Other long-term assets$31,403,242$31,214,227$28,709,795$28,421,904$27,017,471
Total long-term assets$33,952,316$32,646,390$30,021,527$29,498,818$27,879,912
Total assets$63,072,469$54,709,945$44,597,966$39,995,086$35,493,681
 
Liabilities20212020201920182017
Payables and accrued expenses$3,140,619$2,337,443$1,916,005$1,694,215$1,231,159
Other current liabilities$0$0$0$0$0
Total current liabilities$3,140,619$2,337,443$1,916,005$1,694,215$1,231,159
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$3,140,619$2,337,443$1,916,005$1,694,215$1,231,159
 
Net assets20212020201920182017
Without donor restrictions$43,065,304$41,040,320$31,085,353$26,535,131$24,773,818
With donor restrictions$16,866,546$11,332,182$11,596,608$11,765,740$9,488,704
Net assets$59,931,850$52,372,502$42,681,961$38,300,871$34,262,522
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$25,736,068$29,905,804$23,507,788$21,193,312$21,077,430
Program service revenue$57,494$69,688$118,351$119,777$138,489
Membership dues$0$0$0$0$0
Investment income$0$0$0$0$0
Other revenue$87,422$167,058$21,586$108,897$15,884
Total other revenue$144,916$236,746$139,937$228,674$154,373
Total revenue$25,880,984$30,142,550$23,647,725$21,421,986$21,231,803
 
Expenses20212020201920182017
Program services$16,211,555$17,823,501$16,401,653$14,907,580$16,304,976
Management and general$987,081$1,102,648$1,158,289$1,017,722$1,158,172
Fundraising$1,123,000$1,525,860$1,706,693$1,458,335$1,147,585
Total expenses$18,321,636$20,452,009$19,266,635$17,383,637$18,610,733
 
Change in net assets20212020201920182017
Surplus (deficit)$7,559,348$9,690,541$4,381,090$4,038,349$2,621,070
Other changes in net assets$0$0$0$0$0
Total change in net assets$7,559,348$9,690,541$4,381,090$4,038,349$2,621,070

Compensation

NameTitleCompensation
Morgan JacksonSenior VP$144,506
Clay JacksonVP -Operations$123,001
Tory HarperVP -Development$113,894
Melvin MorrisChief Financial Officer$113,891
Susan OlguinVP - Donor Engagement$113,261
Jonathan HugueninVP -Language Recording$108,588
Gerald JacksonPresident$94,193
Janet LloydCommunications Manager$84,579

Compensation data as of: 3/31/2020


Response from ministry

Faith Comes By Hearing's progress is known through the number of completed Scripture recordings, and the number of people engaging with the Word of God through Bible listening programs, Military BibleStick programs, and the Digital Bible Platform. While this work is measurable, there is no limit to the impact made in individual lives and communities around the world.

Faith Comes By Hearing's invaluable partnerships with translation organizations, Bible Societies, churches, and donors significantly assist in accomplishing the goal of fulfilling the Great Commission. Their knowledge, sacrifice, and contributions ensure that the Gospel continues to be heard and shared around the world, and lives are eternally impacted.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 6/21/2022. To update the information below, please email: [email protected]


History

Since its inception, Faith Comes By Hearing has been partnering to provide God's Word to every person.

Jerry and Anet Jackson founded Faith Comes By Hearing (then known as Hosanna) in 1972 as a Christian tape-lending library. Thanks to their unwavering commitment to the Word of God, Faith Comes By Hearing is now a recognized leader in Audio Bible production and engagement.

Through our wide range of listening programs-whether in a group centered on a physical Audio Bible device or personally through various digital means-hundreds of millions of people around the world have encountered God's truth in their heart language. Today, Faith Comes By Hearing provides God's audible Word in 1,552 languages, and we press on to ensure that every translated language has Scripture by the year 2033.

Timeline:

1972: Founding - Hosanna is founded as a Christian tape-lending library.

1989: Bible listening programs begin in U.S. churches.

1995: Hosanna becomes known as Faith Comes by Hearing.

2004: The Proclaimer is developed and unveiled.

2008: Military BibleSticks are introduced to bring God's Word to U.S. troops and veterans.

2010: The Digital Bible Platform and Bible is app launch to provide developers and smartphone users Bible recordings and texts.

2013: Virtual Recording launches to accelerate partner recordings.

2016: Faith Comes By Hearing joins partners in Oral Bible Translation (OBT) work.

2017: Global Bible Apps launch - single-language Audio Bible apps small enough to be shared phone-to-phone.

2018: Partnership with LUMO leads to Gospel Films.

2019: Faith Comes By Hearing launches more than 30 oral Bible translation (OBT) projects in partnership with other Bible translation agencies, completes four translations, and initiates two of its own OBT projects, making it an official Bible translation organization.

2020: The Acclaimer is launched, facilitating Gospel Film watching groups around the world. During worldwide lockdown, Faith Comes By Hearing ramps up digital engagement strategies, leading to millions more engagements with God's Word online.

Today: In partnership with more than 400 organizations, Faith Comes By Hearing has recorded Scripture in more than 1,552 languages and adapted 900+ Gospel Films, freely providing God's Word in audio and video for over 80% of the world's population.


Program accomplishments

Audio Bibles in 1,657 languages and counting.


Needs