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American Bible Society

CharityWatch report issued
April 2022

F
CharityWatch Grade
This rating has been downgraded from B- due to the charity having 7.4 years worth of available assets in reserve.
 
71%
Program Percentage
Amount spent on programs
relative to overhead.
 
$37
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Large Asset Reserves

CharityWatch reduces the grade of any charity that has available assets equal to three to five years of operating expenses. Charities with "years of available assets" of more than five years receive an "F" grade regardless of other measurements. In CharityWatch's view, a reserve of less than three years is reasonable and does not affect a charity's grade. These reductions in grades are based solely on the charities' asset reserves as compared to budget. The CharityWatch definition of "years of available assets" includes funds currently available for the charity's use, including investments that the charity has set aside as a reserve but could choose to spend if it wanted to do so. American Bible Society's letter grade rating has been downgraded because it has 3 or more years of available assets.

See Our Process to learn more about how CharityWatch considers a charity’s asset reserves and the High Asset List for a list of charities whose ratings have been reduced due to high assets.

Contact Information

American Bible Society
101 N Independence Mall East
FL8
Philadelphia, PA 19106-2155

Other Names

None

Tax Status

501(c)3

Stated Mission

To make the Bible available to every person in a language and format each can understand and afford so all people may experience its life-changing message.

View similar charities
Data based on Fiscal Year Ended 06/30/2021

Program Percentage: 71%

The percentage of American Bible Society's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$90,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $37

How many dollars American Bible Society spends on fundraising to raise each $100 of contributions.

$51,000,000

Calculated Total Contributions

(rounded)

Joint Costs

American Bible Society's rating was adjusted for Joint Costs. If you are a donor who considers direct mail, telemarketing, and other Joint Cost solicitations to be true charitable programs, the below efficiency ratios, which were not adjusted for joint costs, may better reflect your goals.

Program % Cost to Raise $100
77% $27
Accounting rules allow charities to report some telemarketing, direct mail, and other solicitation costs as Program expenses. CharityWatch believes that most donors do not consider a charity's solicitation activities to be the Programs they are intending to support with their donations. We therefore adjust such expenses out of a charity's reported Program expense and add it to Fundraising expense prior to calculating its rating.

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
American Bible Society IRS Form 990 13-1623885
Faith and Liberty Discovery Center IRS Form 990 83-2372645
American Bible Society Audited Consolidated Financial Statements multiple
Entity: American Bible Society
Document Type: IRS Form 990
Tax ID: 13-1623885
Entity: Faith and Liberty Discovery Center
Document Type: IRS Form 990
Tax ID: 83-2372645
Entity: American Bible Society
Document Type: Audited Consolidated Financial Statements
Tax ID: multiple

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
American Bible Society
meets governance benchmarks.
 
American Bible Society
meets transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy

  Name Title Compensation
1 Roy L. Peterson Past President $441,292
2 Robert Briggs President/CEO $411,070
3 John D. Clause Senior VP $349,782
1
Name: Roy L. Peterson
Title: Past President
Compensation: $441,292
2
Name: Robert Briggs
Title: President/CEO
Compensation: $411,070
3
Name: John D. Clause
Title: Senior VP
Compensation: $349,782

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

CharityWatch's rating of American Bible Society (ABS) also includes the financial activities of the Faith and Liberty Discovery Center, a 501(c)(3) public charity, which are consolidated in the ABS audited financial statements for the fiscal year ended June 30, 2021. All intercompany transactions have been eliminated in the audit consolidation.


According to the American Bible Society consolidated audit of June 30, 2021 (Note A, Description of Organization and Nature of Activities):

"The Society has established an initiative called the Faith and Liberty Discovery Center ('FLDC') for the purposes of exploring the relationship between faith and liberty in America, from its founding to today, by illuminating the influence of the Bible on individuals in key historical and personal moments. The FLDC serves religious, educational, and charitable purposes as an educational and cultural institution of public history to steward cultural memory, facilitate individual and group discovery, and foster personal engagement with the Bible...

"The FLDC was established...on June 11, 2018... The sole member of Faith and Liberty Discovery Center, LLC is American Bible Society, with which FLDC financial position, activities and cash flows will consolidate."

According to the American Bible Society consolidated audit of June 30, 2021 (Note E, Transactions with Fellowship and Affiliated Organizations):

"The Society provides major financial support to the United Bible Societies Association ('UBSA') and, as one of the founding national Bible Societies of the United Bible Societies fellowship, performs much of its program efforts globally through funding programmatic efforts of its fellow national Bible Societies. During fiscal 2021 and 2020, this support amounted to $20,219,369 and $23,623,351, respectively."


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