This week, Pioneer Bible Translators’ overall MinistryWatch rating rose from 1 star to 2 stars.
Photo courtesy of Pioneer Bible Translators
Pioneer is a translation organization based out of Dallas. According to its website, “The goal of Pioneer Bible Translators isn’t just translation, but transformation. We bring people to Jesus through Bible translation and church planting, combined with discipleship, incarnational ministry, and the use of translated Scripture.”
The organization’s Donor Confidence Score (DCS) is 62 – “Exercise Caution.” It lost points in this category due to its board structure and overall efficiency rating, which is less than three stars. MinistryWatch requires an organization to have a board between 5 and 11 members. Pioneer has 16 board members.
MinistryWatch’s overall efficiency rating is based, in part, on resource allocation and asset utilization. Pioneer Bible Translators has a resource allocation rating of 2 stars (out of five), and ranks 11th out of 15 in the Bible Translation Organization Sector. It currently spends 12% on general and admin expenses.
Its asset utilization rating is also 2 stars because the organization has $28 million in net assets, meaning it has 140% in reserve coverage. From 2019 to 2023, its net assets grew from $16 million to $28 million.
Pioneer Bible Translators pays its CEO Greg Pruett an annual salary of $50,176, according to its 2023 Form 990. “Our CEO compensation package is at a level that was proposed by Greg Pruett and subsequently approved by our board,” leaders said.
The organization’s Transparency Grade is an A because it makes both its Form 990 and audited financial statements available to the public, and is also a member of the Evangelical Council for Financial Accountability (ECFA).
In 2023, Pioneer Bible Translators had a revenue of $22.2 million and its total expenses were $20 million.
According to its 2023 Annual Report, the organization has published “5 complete Bibles and 24 New Testaments since 1976.”
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MinistryWatch Donor Confidence Score: 62 (out of a possible 100) “Exercise Caution”
MinistryWatch Financial Efficiency Rating: 2 Stars (out of a possible 5 Stars)
MinistryWatch Transparency Grade: A
Revenue in Most Recent Year Available: $22,201,592
Five-Year Revenue Trend: Increasing (by about 29%)
Percent of Revenue Pioneer Bible Translators Spends on Fundraising: 7%
Percent Peer Group Spends on Fundraising: 6%
CEO/President: Gregory Pruett
President’s Salary and Other Compensation: $50,176
A complete MinistryWatch profile for Pioneer Bible Translators can be found here.
Find recent MinistryWatch articles mentioning Pioneer Bible Translators here.
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