Asia Harvest is an accredited member of the ECFA (Evangelical Council for Financial Accountability), upholding the standards and principles of Christian integrity while demonstrating compliance with established financial standards.
From the time of Asia Harvest's inception in the 1980s, we have strived to be completely transparent in the area of finances, and our annual financial statements have always been available to anyone who requests them.
Now we have taken the extra step of having our finances independently audited each year, which are available on our website. We have engaged a respected auditing firm, and their most recent audit report can be downloaded here.
Please note that from the start the desire of Asia Harvest has been to send as many resources as possible to the frontline Gospel workers in Asia. As a result, we maintain no physical office, have few assets except our bank balance, and most of our work is done by unpaid volunteers. Our overhead expenses are therefore minimal, enabling us to achieve more with the resources God has placed in our hands, such as printing full Chinese Bibles for just $1.80.
We are in no way implying other Christian ministries should operate as we do. The Body of Christ has many different groups called by God to perform a myriad of important roles. Asia Harvest operates this way simply because we believe the Lord Jesus Christ called us to function this way.
On page 13 of the pdf (p.11 of the audit report) you will see a table listing the total amount of donations we received for each project last year (Revenue), and the total amount we sent out to reach people on the mission field in Asia (Expenses). We thank God that last year we were able to send out substantially MORE project money than we received!
Here is a summary of our income received and support sent to each project in 2018:
|Project||Donations||Sent to the Field||Result|
|China Bible Fund||$1,084,492||1,250,000||115.3% of all donations to this project were sent to the field in 2018|
|Asian Bible Fund||$245,750||$254,348||103.5% of all donations to this project were sent to the field in 2018|
|Asian Workers' Fund||$436,884||$649,300||148.6% of all donations to this project were sent to the field in 2018|
|Living Martyrs' Fund||$474,634||$548,768||115.6% of all donations to this project were sent to the field in 2018|
|Bless the Children / Project Smile||$42,067||$89,494||212.7% of all donations to this project were sent to the field in 2018|
|Persecution & Relief||$108,499||$153,900||141.8% of all donations to this project were sent to the field in 2018|
|TOTALS||$2,392,326||$2,945,810||123.1% of all donations were sent to the field in 2018|
How is this Possible?
Although our operating costs are negligible, we do of course have some expenses. These are covered by general (non-project) donations people send us for running the ministry, and also from income generated by things such as book sales.
Our commitment each year is that 100% of all project donations will be used exactly as specified. Nothing is deducted for administration, bank fees, or any other expense. As a result, if someone sends us $100 for Bibles or to support evangelists, $100 really does go to the workers on the field. Because of our extremely low overhead expenses we are also able to apply general (non-project) donations to help the projects. This is how we are able to end the year having sent more funds to the field than we received for those projects.
Read our audited financial statement for: