MINISTRY SPOTLIGHT: Unfolding Word
Founded in 2004, ministry uses open sourced, cutting edge technologies in Bible translation process
Summary: Unfolding Word began in 2004 focused on Bible translation; however it has adapted a different approach than traditional translation models, by using open sourced, cutting-edge technology resources so that people around the world can quickly and reliably translate the Bible into their own language. Open source software is an alternative to proprietary software and represents a different model for the development and licensing of commercial software code than that typically used for proprietary software. Because open source software code, generally, is freely shared, there are customarily no licensing fees for the use of open source software. Therefore, the Organization does not recognize revenue from the licensing of the code itself. Opportunities for further innovation of the Organization’s offerings are supplemented by donor contributions. The aim of Unfolding Word is to equip, resource and publish biblical translation content.
MinistryWatch Financial Efficiency Rating: 4 Star (out of a possible 5 Stars)
MinistryWatch Transparency Grade: A
ECFA Member? Yes
Revenue in Most Recent Year Available (2019): $4,239,007
Five-Year Revenue Trend: Significantly Increasing (by about 1,500 percent change)
Percent of Revenue Unfolding Word Spends on Fundraising: 1 percent
Percent Peer Group Spends on Fundraising: 9 percent
President: David Reeves
President’s Salary and Other Compensation: $114,988
Complete MinistryWatch profile for Unfolding Word can be found here.
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