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World Vision, Inc., U.S.

Rating
Sector:

Relief and Development

Total
Revenue:

$957,116,000

Total
Expenses:

$976,826,000

Net
Assets:

$151,403,000

Profile Changes

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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 82% 87.6%
General & Admin 12.6% 5.1%
Fundraising 6.2% 9.2%
Savings -.9% -2%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

>50
Yr(s)25-50
<25
<$1m$1m-
$5m
>$5m

Summary

Founded in 1950, World Vision (WV) is a Christian humanitarian organization serving the world’s poorest children and families in nearly 100 countries. It exists to promote obedience to Christ’s teachings by offering people opportunities to help their neighbors. The organization ministers through community-based development and focuses on meeting the needs of children, providing emergency relief, promoting justice, serving the Christian Church, increasing public awareness and understanding of global poverty, and serving as a witness to the Gospel of Jesus Christ.

Contact Information: [ Back to top ]

Mailing Address:PO Box 9716 34834 Weyerhaeuser Way South 98063-9716
Federal Way, WA
98063-9716
Website: www.worldvision.org
Phone:(253) 815-1000
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 951922279
CEO/President: Mr. Richard Stearns Tax Deductible: Yes
Chairman: Joanna S. Mockler Fiscal Year End: September 30
Board Size: 20 Financial info from: Audit
Founder: Dr. Bob Pierce Member of ECFA: Yes
Year Founded: 1950 Member of ECFA since: 1979

Purpose [ Back to top ]

World Vision Inc., U.S. (WV) is a humanitarian organization that raises funds with other WV organizations. These funds are then channeled to the needy and hurting peoples of the world through World Vision International, a related organization. World Vision was founded in 1950 by Dr. Bob Pierce to help children orphaned in the Korean War and has become an organization that assists entire communities with water programs, health care education, agricultural and economic development, and strategic Christian leadership activities.

World Vision, Inc., U.S. exists to promote obedience to Christ's teachings by offering people opportunities to help their neighbors. WV ministers through community-based development and focuses on meeting the needs of children, providing emergency relief, promoting justice, serving the Christian Church, increasing public awareness and understanding of global poverty, and serving as a witness to the Gospel of Jesus Christ.

This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law.

Mission Statement [ Back to top ]

World Vision is a Christian humanitarian organization dedicated to working with children, families and their communities worldwide to reach their full potential by tackling the causes of poverty and injustice.

Program Accomplishments [ Back to top ]

Fiscal Year of 2003:

  • 231,836 mothers were trained in better health and nutrition practices for themselves and their children.
  • 226,315 people received small loans (average of $315) to start or expand small businesses that support their families.
  • 450,987 farmers received seed packets this year to help grow nutritious and reliable food supplies for their families.
  • More than 733,000 children around the world were sponsored by donors in the United States.
  • $1.9 million in relief supplies sit ready in World Vision’s global warehouses to send at a moment’s notice to disaster victims.
  • 9.7 million victims of disasters or humanitarian crises in 50 countries were assisted.
  • $110 million in aid was awarded to a consortium led by World Vision to alleviate hunger for 6 million people in southern Africa.
  • 1 million people gained new access to clean water. World Vision’s clean water initiative was expanded from Ghana into Mali and Niger. Over the next 6 years, it will drill 825 deep wells and bring the gift of health and clean water to 500,000 people.
  • World Vision introduced HopeChild sponsorship in countries hard-hit by HIV/AIDS. In addition to community interventions of clean water, food, health care, education, and micro-enterprise development, this new sponsorship helps care for orphans and vulnerable children and teaches biblical principles to prevent the spread of HIV/AIDS.
  • The Vision Youth program in the United States was recognized with a million-dollar grant from the U.S. government. This grant supports local Youth Outreach Workers through neighborhood churches to pair at-risk children and youth with educational mentors and help troubled teens find positive direction. Vision Youth volunteers invested 132,192 hours serving 22,727 children and youth this year.

Fiscal Year of 2007:
  • Child sponsorship of 3,300,000
  • Served 100 million people, including 1.6 million in the U.S.
  • Responded to 85 humanitarian emergencies assisting an estimated 7 million disaster survivors
  • Distributed 147,000 metric tons of food worth $148 million
  • Through partnering, served nearly 118,000 people across West Africa by providing clean water
  • Equipped more than 50,000 caregivers supplying care to AIDS victims in Africa
  • Provided 194 wells for 117,000 people in West Africa
  • In Haiti, served 3,400 children through school renovations, schoolbook distributions and training sessions for teachers and principles
  • Delivered $82 million in private donations and U.S. government grants for disaster relief
  • Utilized $285 million to benefit 640,000 people in tsunami-affected South Asia since recovery began in 2004
  • Continued humanitarian efforts for Darfur’s children and adults throughout the year, delivering food to more than 244,000 people in May alone
  • Responded to floods in Texas and Oklahoma, and tornadoes in Kansas, Georgia and Alabama
  • Trained 104 midwives in Afghanistan and supported the neonatal unit of Heart Maternity Hospital, the only one serving a population of 1.7 million
  • Provided opportunities for 300 groups to assemble 70,000 caregiver kits
  • Micro enterprise loans of 355 million to 530,000 entrepreneurs to create more than 850,000jobs with a loan repayment rate of 97 percent
  • Counts 12,000 partner churches in the U.S.; received the support of 3.1 million donors and partners in the U.S.
  • Worked in nearly 100 countries with 31,000 staff members
  • Operated 1,399 sustainable development projects
  • Co-authored the Child Soldier Act
  • Worked to bring the conflict in northern Uganda to the U.S. national agenda
  • Hosted a Youth Empowerment Summit in Washington D.C.
  • Assisted 394,000 children who are victims of HIV/AIDS through the HopeChild Sponsorship
  • Provided more than 400,000 youth with age-appropriate HIV-prevention based on biblical values
  • Equipped nearly 20,000 people, including 3,200 faith leaders from 2,400 churches across Africa

Statement of Faith [ Back to top ]

World Vision, Inc., U.S. uses the following to express its Statement of Faith:

  • We believe the Bible to be the inspired, the only infallible, authoritative Word of God.
  • We believe that there is one God, eternally existent in three persons: Father, Son, and the Holy Spirit.
  • We believe in the deity of our Lord Jesus Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father, and in His personal return in power and glory.
  • We believe that for the salvation of lost and sinful man, regeneration of the Holy Spirit is absolutely essential.
  • We believe in the present ministry of the Holy Spirit by whose indwelling the Christian is enabled to live a godly life.
  • We believe in the resurrection of both the saved and the lost; they that are saved unto the resurrection of life and they that are lost unto the resurrection of damnation.
  • We believe in the spiritual unity of believers in our Lord Jesus Christ.

History [ Back to top ]

Dr. Bob Pierce began World Vision to help children orphaned in the Korean War.

To provide long-term, ongoing care for children in crisis, World Vision developed its first child sponsorship program in Korea in 1953. As children began to flourish through sponsorship in Korea, the program expanded into other Asian countries and eventually into Latin America, Africa, Eastern Europe and the Middle East. Today, monthly contributions from sponsors enable World Vision to provide impoverished children and their communities with access to clean water, nutritious food, education, health care and economic opportunities.

The 1960s
World Vision began its global relief efforts in the 1960s, delivering food, clothing and medical supplies to people suffering from disaster. World Vision began soliciting clothing and other surplus products from corporations to help meet the immediate needs of children and families in emergency situations. These gift-in-kind donations now account for roughly 30 percent of World Vision’s income.

The 1970s
Throughout the 1960s and 1970s, donations continued to grow, and World Vision was able to reach thousands more children. At this time, World Vision realized the growing need to work with entire communities to help children and families break free from poverty. World Vision began incorporating vocational and agricultural training for families into its sponsorship efforts, and parents began learning to farm and earn money through small enterprises. These efforts to affect self-sustainable change evolved into World Vision’s current community development work. Long-term development has proven central to bringing lasting hope. After meeting immediate survival needs, World Vision works with communities to help them find lasting solutions and move toward self-reliance.

The 1980s
A major benchmark of our growth occurred in the early 1980s when famine struck Ethiopia. The media coverage of the famine created unprecedented awareness of human need, and people throughout the world offered financial resources to the relief efforts. World Vision provided millions of dollars worth of food and medical assistance, saving thousands of lives from the slow, agonizing death of starvation. Once the immediate crisis subsided, World Vision began long-term efforts to help Ethiopians rebuild their lives. Today, the region that was once parched and full of death thrives with nutritious crops, fresh water and hope for the future. Also in the 1980s, World Vision began drilling wells in communities, causing infant mortality rates to drop. World Vision often uses clean water as an entry point into communities, following with other activities that create change. Once the pump is installed, World Vision trains community volunteers to become health promoters, who, in turn, teach their neighbors how to use fresh water for better health. World Vision offers classes to villagers in health care, gardening, irrigation and income generation. Villages evolve from poverty-stricken, illness-plagued communities to thriving, self-supporting, healthy ones.

The 1990s
In 1990, World Vision began addressing the urgent needs of children in Uganda who had been orphaned by AIDS. Recognizing the magnitude of the AIDS pandemic and its serious impact on decades of development efforts, World Vision began expanding its AIDS programming into other hard-hit African countries. In Romania, World Vision worked with the long-neglected orphan population and provided training to health care workers. In Somalia, World Vision joined United Nations peacekeepers to help millions affected by the civil war. World Vision launched the 30 Hour Famine early in the decade to help young people experience the effects of poverty firsthand and raise funds to make a difference for hungry children around the world. In the U.S. alone, 485,000 youth now raise more than $11 million every year through the Famine. World Vision also began actively promoting justice for children and the poor in the early 1990s, calling for an international ban on land mines, an end to child exploitation and equal opportunities for female children.

The 21st Century
In the year 2000, World Vision launched the Hope Initiative to call people to respond to what had become the greatest humanitarian crisis of our time – HIV and AIDS. By 2006, nearly 399,000 orphans and vulnerable children had been sponsored in AIDS-affected communities. World Vision is helping turn the tide against HIV and AIDS worldwide by caring for orphans and vulnerable children, preventing the spread of HIV with education based on biblical principles, and advocating for effective programs that transform communities and save lives. Following the September 11 terrorist attacks, World Vision assisted New Yorkers not covered by other aid programs. Later, it established emergency food programs for more than one million Afghanis. In 2002, World Vision, along with other NGO partners, received one of the largest emergency relief grants in history to provide food and related assistance to tens of millions of Africans affected by the decade’s worst famine in Southern Africa. World Vision has continued to be a voice for the poor by helping to stop the flow of conflict diamonds fueling civil wars in Africa, deterring sex tourists who prey on innocent children abroad and calling for an end to the use of child soldiers in northern Uganda. When massive tsunamis devastated South Asia in December 2004, World Vision’s 3,700 local staff began responding immediately with life-saving aid. Generous donor gifts are enabling World Vision to help families rebuild their lives over the long-term with new homes, schools, clean water, health care and economic opportunities.

Ministry Needs [ Back to top ]

World Vision is seeking help with child sponsorship, cash donations, volunteers, corporate/matching gifts, gifts-in-kind, gift planning/donation of stock. Please see World Vision’s website for daily, urgent prayer requests of the ministry.

Research Analysis

Transparency Grade [ Back to top ]

Transparency Grade of : A
Criteria categoryGradeOther Comments
Timeliness:100
Financial Information:100
Foundational Clarity:
Level of Cooperation:
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MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

Ranking CategoryRatingOverall RankRelief and Development Sector
Overall Efficiency RatingStarStarStarStar115 of 353    34 of 54
Fund Acquisition DecisionStarStar244 of 353      42 of 54
Resource Allocation DecisionStarStarStarStar105 of 353      35 of 54
Asset Utilization DecisionStarStarStarStar73 of 353      19 of 54
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Supporters Say
  • Financially open and transparent; received an “A” Transparency Grade from MinistryWatch.com.
  • Because of its huge size in both revenues and visibility, it is able to attract top management talent and establish effective distribution channels.
  • Another positive factor about its large size is that it improves their ability to rapidly respond to large disasters that require the resources that few others might have.
  • Helping those in true physical need.
  • Their long experience in world disaster relief and development have shaped World Vision into a leader over younger organizations.
  • Experienced at applying for and being awarded government grants.


Critics Say
  • Some question World Vision’s balance between eternal matters and temporal matters, with under emphases of theological concerns, by not promoting Bible training and focusing too much attention on “this world” with issues like relief and community development.
  • Some see “child sponsorship” in general, as a slightly deceptive fundraising practice and would like to see this method of fundraising abolished.
  • Some have criticized various fundraising pictures of children as not appropriate and emotionally charged.
  • Some wonder if World Vision has become so large that they cannot effectively communicate internally, as well as a fear of their complicated association of organizations may cause an excess of bureaucracy.
  • Some wonder if World Vision has strayed from its original purpose. As partially stated in its 1980 amendment of Articles of Incorporation: ...”The primary, exclusive and only purpose for which this corporation is organized are religious ones, to wit: To perform the functions of the Christian church including, without limitation, the following functions, to conduct Christian religious and missionary services, to disseminate, teach and preach the Gospel and teachings of Jesus Christ, to encourage and aid the growth, nurture and spread of the Christian religion and to render Christian service, both material and spiritual to the sick, the aged, the homeless and the needy. The recital of these purposes as contained in this paragraph is intended to be exclusive of any and all other purposes, this corporation being formed for such religious purposes only.”...


Theological Considerations
  • Non-denominational.
  • Technically a “church”, but not a traditional congregational body as commonly known by this term.
  • In part because of its funding from the U.S. Agency for International Development, which forbids the use of government money for proselytizing, World Vision has emphasized its development and humanitarian components over its evangelical perspective. Although its board of directors is generally evangelical, many of its contributors are not. World Vision has at times promoted itself as a nonsectarian, humanitarian organization and has downplayed evangelical components.

Analyst Comments [ Back to top ]

MinistryWatch.com’s Take
Updated July, 2008
By Michael Barrick

World Vision expresses the love of Jesus Christ by facilitating and reaching out to people’s physical needs anywhere in the world. The ministry operates in a financially open and transparent manner, and it is efficient and effective in directing its financial resources toward the programs that accomplish its mission.

While World Vision Inc., U.S. is one member of a family of World Vision organizations, it is not possible to talk about what they do in isolation. World Vision’s overall functions are that of a Christian humanitarian agency, focused especially on emergency relief aid, community development, child sponsorship, grants to other ministries, domestic programs, and public awareness and education. The mechanism for carrying out the functions is through partnering with individuals, churches, other ministries, NGOs and governmental organizations.

World Vision U.S. is one of about twenty national affiliates of World Vision. The other affiliates are autonomous, with separate governing bodies located in various countries around the world. These affiliates in other countries are a shadow of the U.S. affiliate, but on a smaller scale. World Vision International, a related entity located in Monrovia, Calif., oversees and coordinates most of the agency’s international projects and global operations. World Vision decides which World Vision family is best suited to execute the donor’s wishes; however, World Vision assures its donors that however a donor designates a gift, it will only be used for such allocation. Some gifts may be used directly and others are utilized at the ministry’s discretion to accomplish its states purposes.

Mission-Focused
World Vision gathers, transports, and distributes relief supplies; conducts field ministry; and educates beneficiaries to develop their own resources. On its website, World Vision states: “Relationships are the starting point and the end goal of World Vision’s work. Through relationships with community leaders, World Vision’s staff helps communities set goals that families can achieve by working together. By our demonstration of God’s love through our work, we hope that people will experience life in all its fullness.” To accomplish this mission, World Vision employs multiple programs.

Child Sponsorship
Though this outreach is also a vital tool in World Vision’s fundraising methods because of its high visibility and the number of children sponsored, it nevertheless remains a fundamental outreach that is benefiting millions of children and the communities in which they live.

Community and Economic Development
This outreach is intended to provide local entrepreneurs with training and funding (through micro enterprise loans) needed to successfully operate enterprises within their own communities that, in turn, employ others and help establish self-sufficiency for all served. The repayment rate is more than 97 percent, with more than one million people touched by this effort. World Vision is committed to improving the ability of communities to provide for their own needs by:

  • Helping people to discover and use their own vision, skills, and resources to move from abject poverty to abundant living.
  • Targeting critical needs: clean water, reliable food supplies, access to basic health care, access to education, and income-generating microeconomic development.
  • Partnering with churches, governments, local organizations, and international agencies.
Disaster Response
World Vision responded to approximately 85 crises in the world in 2007, offering care and assistance to more than seven million survivors of natural and man-made disasters. To ensure effective disaster response, World Vision is committed to:
  • Responding to sudden natural disasters and slow-building humanitarian emergencies around the world.
  • Saving lives and reducing suffering by tracking crises, pre-positioning emergency supplies for immediate response, and remaining after the crisis to rebuild and restore communities.
Health Care
Immunizations, health clinics and HIV/AIDS awareness and prevention are the primary programs designed to accomplish this outreach.

Education
Building schools, training teachers, providing tuition, providing meals and tutoring are the primary methods utilized to achieve the objective of improving the educational opportunities and levels of people groups around the world.

Food and Water
Providing communities and families with fresh water wells, seeds, tools, agricultural training, and livestock are the primary means of meeting the basic nutritional needs of those World Visions serves.

Public Education & Advocacy
Because of its experiences in dealing with the world’s most impoverished, World Vision is vocal before legislators and policy-makers regarding injustices it encounters around the world in completing its mission. It has championed the causes of children forced into military service and also has been a significant voice calling for the world to respond to the suffering in Uganda.

Domestic Programs
These programs focus on needs within the United States. World Visions works with churches, volunteers, and community organizations to assist children and youth living in poverty with education, stable family environments, and healthy neighborhoods.

Conclusion
The ministry’s operations are carried out in a financially open and transparent manner beyond that which is required by law. Most nonprofit organizations are classified as “exempt” from paying federal income taxes, but they are still required to file an annual, public information report with the IRS. This annual report is called an IRS form 990. World Vision happens to be an exempt nonprofit that does not have to file this report, though it is required to disclose financial information in order to qualify for much of the governmental funds it receives and distributes. The IRS has classified World Vision as a “Church” which makes it exempt from submitting the IRS form 990. Although World Vision has the legal right not to reveal financial information, it is open and transparent regarding its financial practices.

World Vision displays the love of God through an ecumenical approach by meeting physical needs of people. While its focus is on meeting the physical needs of those it serves, it does state its Christian mission clearly on its website. Because of its vast partnering network, it is not as focused on sharing the Gospel through preaching or the printed word as other relief and development ministries might be, but its reach is significant.

Ministry Statement or Response [ Back to top ]

Financial Information:

Financial Ratios[ Back to top ]

Funding RatiosDatabase Average20072006200520042003
Return on FR Efforts9%9%8%8%0%0%
Fundraising Cost Ratio6%9%8%8%0%0%
Contributions Reliance83%99%99%99%0%0%
Fundraising Expense Ratio6%9%8%8%0%0%
Other Revenue Reliance17%1%1%1%0%0%
Operating RatiosDatabase Average20072006200520042003
Program Expense Ratio81%86%87%86%0%0%
Spending Ratio101%102%100%96%0%0%
Program Output Ratio82%88%87%83%0%0%
Savings Ratio-1%-2%0%4%0%0%
Reserve Accumulation Rate2%-13%-1%21%0%0%
General & Admin Ratio13%5%5%5%0%0%
Investing RatiosDatabase Average20072006200520042003
Total Asset Turnover2.62x2.53x2.82x2.88x0x0x
Degree of L-T Investment3x2.56x2.87x3.66x0x0x
Current Asset Turnover4.92x6.48x8.11x10.54x0x0x
Age of Assets9.6yr(s)0.0yr(s)0.0yr(s)0.0yr(s)0.0yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20072006200520042003
Current Ratio117.88x.67x.74x.68x0x0x
Current Liabilities Ratio.32x1.49x1.36x1.48x0x0x
Liquid Reserve Level5.67x-.9x-.53x-.55x0x0x
Solvency RatiosDatabase Average20072006200520042003
Liabilities Ratio.23x.61x.5x.44x0x0x
Debt Ratio.06x0x0x0x0x0x
Reserve Coverage Ratio86%15%18%19%0%0%

Financials[ Back to top ]

Balance Sheet
Assets20072006200520042003
Cash$3,767,000$3,132,000$2,426,000$5,000,000$4,936,000
Receivables, Inventories & Prepaids$115,661,000$90,778,000$62,575,000$68,623,000$71,892,000
Short-Term Investments$10,710,000$9,697,000$8,387,000$6,676,000$7,249,000
Other Current Assets$20,542,000$13,136,000$9,134,000$17,825,000$0
Total Current Assets$150,680,000$116,743,000$82,522,000$98,124,000$84,077,000
Long-Term Investments$171,985,000$153,678,000$151,258,000$88,475,000$55,409,000
Fixed Assets$62,502,000$64,532,000$67,910,000$71,180,000$63,085,000
Other Long-Term Assets$914,000$549,000$171,000$0$0
Total Long-Term Assets$235,401,000$218,759,000$219,339,000$159,655,000$118,494,000
TOTAL ASSETS$386,081,000$335,502,000$301,861,000$257,779,000$202,571,000
Liabilities20072006200520042003
Payables & Accrued Expenses$35,371,000$26,230,000$24,868,000$22,654,000$20,018,000
Other Current Liabilities$188,700,000$132,077,000$97,185,000$90,387,000$31,067,000
Total Current Liabilities$224,071,000$158,307,000$122,053,000$113,041,000$51,085,000
Debt$0$0$0$0$0
Due To (From) Affiliates$0$0$0$0$0
Other Long-Term Liabilities$10,607,000$10,253,000$10,442,000$10,630,000$10,604,000
Total Long-Term Liabilities$10,607,000$10,253,000$10,442,000$10,630,000$10,604,000
TOTAL LIABILITIES$234,678,000$168,560,000$132,495,000$123,671,000$61,689,000
Assets20072006200520042003
Unrestricted$105,785,000$118,795,000$103,526,000$108,085,000$106,150,000
Temporarily Restricted$41,530,000$44,484,000$65,180,000$25,388,000$34,097,000
Permanently Restricted$4,088,000$3,663,000$660,000$635,000$635,000
NET ASSETS$151,403,000$166,942,000$169,366,000$134,108,000$140,882,000
Revenue and Expenses
Revenue20072006200520042003
Total Contributions$948,476,000$933,424,000$891,975,000$796,763,000$679,799,000
Program Service Revenue$0$0$0$0$0
Membership Dues$0$0$0$0$0
Investment Income$0$0$0$0$0
Other Revenue$8,640,000$10,522,000$13,155,000$10,080,000$5,971,000
Total Other Revenue$8,640,000$10,522,000$13,155,000$10,080,000$5,971,000
TOTAL REVENUE$957,116,000$943,946,000$905,130,000$806,843,000$685,770,000
Expenses20072006200520042003
Program Services$838,733,000$819,707,000$752,348,000$708,886,000$553,202,000
Management & General$49,966,000$49,845,000$43,964,000$42,004,000$32,542,000
Fundraising$88,127,000$76,818,000$73,560,000$62,727,000$63,279,000
TOTAL EXPENSES$976,826,000$946,370,000$869,872,000$813,617,000$649,023,000
Change in Net Assets20072006200520042003
SURPLUS (DEFICIT)($19,710,000)($2,424,000)$35,258,000($6,774,000)$36,747,000
Other Changes in Net Assets$4,171,000$0$0$0$0
TOTAL CHANGE IN NET ASSETS($15,539,000)($2,424,000)$35,258,000($6,774,000)$36,747,000