Faith Comes By Hearing / Hosanna Ministries 
The information on this page was last updated 9/28/2023. 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. Jeff Solscheid
Board size: 10
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
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Bible Translation Organizations
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 540 of 1102 | 6 of 15 |
| Fund acquisition rating | | 433 of 1103 | 5 of 15 |
| Resource allocation rating | | 117 of 1103 | 3 of 15 |
| Asset utilization rating | | 1079 of 1102 | 14 of 15 |
Click here to read Faith Comes By Hearing / Hosanna Ministries' response to our ratings
Financial ratios
| Funding ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 7% | 6% | 5% | 6% | 4% | 3% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 6% | 5% | 5% | 6% | 4% | 3% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 97% | 93% | 99% | 100% | 100% | 101% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 8% | 6% | 5% | 6% | 6% | 5% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 3% | 7% | 1% | 0% | 0% | -1% |
| Operating ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 89% | 90% | 89% | 88% | 90% |
Spending ratio Spending ratio = Total expenses / Total revenue | 90% | 82% | 99% | 89% | 71% | 67% |
Program output ratio Program output ratio = Program services / Total revenue | 72% | 73% | 89% | 79% | 63% | 60% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 10% | 18% | 1% | 11% | 29% | 33% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 11% | 10% | 1% | 5% | 13% | 19% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 4% | 4% | 5% | 5% | 6% |
| Investing ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.86 | 0.47 | 0.44 | 0.37 | 0.29 | 0.36 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.33 | 6.75 | 3.88 | 2.89 | 2.34 | 2.60 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.14 | 3.15 | 1.69 | 1.07 | 0.68 | 0.94 |
| Liquidity ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Current ratio Current ratio = Total current assets / Total current liabilities | 6.56 | 4.15 | 6.08 | 7.53 | 20.41 | 9.01 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.13 | 0.24 | 0.16 | 0.13 | 0.05 | 0.11 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 3.96 | 2.89 | 5.93 | 9.75 | 16.90 | 11.36 |
| Solvency ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 17% | 4% | 4% | 5% | 5% | 4% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 75% | 207% | 220% | 259% | 329% | 265% |
Financials
| Balance sheet | |||||
| Assets | 2024 | 2023 | 2022 | 2021 | 2020 |
| Cash | $7,388,503 | $13,875,536 | $20,441,800 | $22,864,424 | $18,610,278 |
| Receivables, inventories, prepaids | $3,482,904 | $3,177,490 | $2,400,412 | $4,135,270 | $2,441,213 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $10,871,407 | $17,053,026 | $22,842,212 | $26,999,694 | $21,051,491 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $3,433,581 | $3,501,695 | $2,637,907 | $1,670,447 | $1,422,413 |
| Other long-term assets | $59,051,834 | $45,672,073 | $40,586,472 | $34,392,251 | $32,225,964 |
| Total long-term assets | $62,485,415 | $49,173,768 | $43,224,379 | $36,062,698 | $33,648,377 |
| Total assets | $73,356,822 | $66,226,794 | $66,066,591 | $63,062,392 | $54,699,868 |
| Liabilities | 2024 | 2023 | 2022 | 2021 | 2020 |
| Payables and accrued expenses | $2,618,199 | $2,804,360 | $3,031,574 | $1,322,811 | $2,337,443 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $2,618,199 | $2,804,360 | $3,031,574 | $1,322,811 | $2,337,443 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $1,817,808 | $0 |
| Total long-term liabilities | $0 | $0 | $0 | $1,817,808 | $0 |
| Total liabilities | $2,618,199 | $2,804,360 | $3,031,574 | $3,140,619 | $2,337,443 |
| Net assets | 2024 | 2023 | 2022 | 2021 | 2020 |
| Without donor restrictions | $66,273,471 | $56,388,561 | $49,927,131 | $43,055,227 | $41,030,243 |
| With donor restrictions | $4,465,152 | $7,033,873 | $13,107,886 | $16,866,546 | $11,332,182 |
| Net assets | $70,738,623 | $63,422,434 | $63,035,017 | $59,921,773 | $52,362,425 |
| Revenues and expenses | |||||
| Revenue | 2024 | 2023 | 2022 | 2021 | 2020 |
| Total contributions | $38,819,698 | $29,076,779 | $27,386,749 | $25,697,440 | $29,899,616 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $588,640 | $423,456 | $2,646 | $17,068 | $73,303 |
| Other revenue | $2,125,472 | ($275,580) | $97,691 | $82,334 | ($512,451) |
| Total other revenue | $2,714,112 | $147,876 | $100,337 | $99,402 | ($439,148) |
| Total revenue | $41,533,810 | $29,224,655 | $27,487,086 | $25,796,842 | $29,460,468 |
| Expenses | 2024 | 2023 | 2022 | 2021 | 2020 |
| Program services | $30,482,140 | $26,096,503 | $21,668,578 | $16,135,139 | $17,745,049 |
| Management and general | $1,524,903 | $1,278,621 | $1,134,512 | $983,991 | $1,102,648 |
| Fundraising | $2,210,578 | $1,462,114 | $1,570,752 | $1,118,364 | $922,230 |
| Total expenses | $34,217,621 | $28,837,238 | $24,373,842 | $18,237,494 | $19,769,927 |
| Change in net assets | 2024 | 2023 | 2022 | 2021 | 2020 |
| Surplus (deficit) | $7,316,189 | $387,417 | $3,113,244 | $7,559,348 | $9,690,541 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $7,316,189 | $387,417 | $3,113,244 | $7,559,348 | $9,690,541 |
Compensation
| Name | Title | Compensation |
| Morgan Jackson | Senior VP | $153,929 |
| Jonathan Huguenin | CMO | $130,757 |
| Susan Olguin | Cdo | $123,491 |
| Clay Jackson | COO/VP | $122,914 |
| Melvin Morris | CFO | $122,037 |
| Jonathan Stearley | VP-Technolog | $110,795 |
| Gerald Jackson | President/Ce | $106,097 |
| Janet Lloyd | Exec. Relati | $89,368 |
Compensation data as of: 3/31/2024
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 9/28/2023. 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.