About World Reach
Financial Statement
World Reach acknowledges that God is the ultimate provider of all of the resources necessary to conduct the work of ministry. God calls us to be good stewards of the resources that He intrusts to us.
World Reach is a “faith” ministry, trusting God to provide the financial resources necessary to do the work of ministry. With the exception of the Board of Directors (who serve with no compensation), employees (who are paid from the Mission’s general operating funds), and volunteers (who are unpaid) all team members are responsible for raising their own financial support to sustain their public ministry and private lives.
Financial support for a team member may come from a variety of sources. However, a team member’s home church should have a goal of meeting a significant part of the team member’s total monthly financial support. World Reach requires that each missionary (whether short-term or career) raise 100% of the approved support schedule for monthly and outgoing expenses before departing to the field.
World Reach assesses a 12% administrative fee on all monetary contributions. The administrative fee helps cover costs incurred by the International Office to promote the general welfare of the Mission.
World Reach does not ask, expect or encourage contributors to incur debt when making contributions to World Reach. Also, we encourage all contributors to meet their financial obligations to their local church. World Reach is recognized by the Internal Revenue Service as a 501(c)3 nonprofit organization. Contributions made for the ministries of World Reach are tax deductible. By law, the authority to issue tax deductible receipts rests with World Reach and not the individual team member.
When our risen Lord issued what has been called His 'audacious commission,' He said, 'Go into all the world and preach the gospel.....' This is what World Reach is all about. I heartily commend the leaders and workers involved. They deserve our fervent prayers and faithful support.
The Late Stephen F. Olford
(Founder and Former Chairman Stephen Olford Center for Biblical Preaching Memphis, Tennessee)