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Mission Quest Accountability
Mission Quest Accountability​
At Mission Quest, we take great pride in our unwavering commitment to accountability and transparency in handling the generous donations we receive. Our mission is to provide a trustworthy platform that our supporters can rely on, ensuring that every contribution is utilized effectively to advance God’s kingdom.
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Accreditation and Recognition
Our dedication to ethical practices is recognized by several prestigious organizations. We are proud to hold numerous accreditations, particularly from the Evangelical Council for Financial Accountability (ECFA), Ministry Watch, and Charity Navigator. These accreditations are a testament to our stringent financial standards and our commitment to transparency. For more detailed information on our accreditations, please visit Mission Quest Accreditations. Furthermore, Ministry Watch has honored us with a "100% Give with Confidence" ranking, highlighting our reliability and integrity in financial stewardship. You can view their evaluation here.
Dan Busby, president of ECFA, commended our efforts by stating, "We are pleased to accredit a ministry committed to providing their missionaries with a dependable home office that processes their donations and handles all the logistics involved in raising funds for their ministries." This endorsement reflects our dedication to supporting our missionaries efficiently and effectively. For our most recent financial information, please visit Charity Navigator and ECFA Member Profile.
Efficient Use of Donation
At Mission Quest, we are deeply committed to ensuring that every dollar entrusted to us directly fuels transformative change in the communities we serve. By maintaining a Program Expense Ratio of 96.3%, we consistently outperform industry benchmarks, exemplifying a rare level of fiscal responsibility among nonprofit organizations. Our focus on channeling the highest possible percentage of donations directly to the field underscores our prudent governance and unwavering dedication to our mission.​
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Such a high allocation toward direct program support not only maximizes the tangible impact of donations but also strengthens our accountability to donors who desire assurance that their contributions are used judiciously. Through streamlined operations, continuous financial assessments, and strategic resource management, Mission Quest upholds rigorous stewardship standards. In doing so, we guarantee that your generosity translates into meaningful action on the ground, affecting profound and sustainable community development.
To further illustrate our dedication to financial accountability, the following chart compares Mission Quest's expense ratios with industry averages. As demonstrated, our allocation significantly exceeds typical benchmarks, with a notably higher percentage of funds directed towards program expenses (96.3% compared to the industry average of 80%) and substantially lower administrative (2.3% compared to the industry average of 25%) and fundraising costs (1.3% compared to the industry average of 12.5%).
This can be summarized as follows:
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Program Expenses:
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Mission Quest allocates 96.3% of its expenses to program activities, significantly higher than the industry average of 80%.
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This demonstrates a strong focus on directing funds toward mission-related services.
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Administrative Costs:
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Mission Quest spends only 2.3% on administrative costs, compared to the industry average of 25%.
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This highlights highly efficient management with minimal overhead expenses.
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Fundraising Costs:
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Mission Quest allocates just 1.3% to fundraising, far below the industry average of 12.5%.
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This ensures that more resources are directed toward achieving the organization’s mission.
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These industry averages are supported by sources like Charity Navigator and the Better Business Bureau's Wise Giving Alliance, which recommend that efficient nonprofits allocate at least 75% of their expenses to programs and keep administrative and fundraising expenses below 35% and 15%, respectively​ (Charity Navigator)​​ (North Texas Nonprofit Resources)​. This visual comparison underscores our superior efficiency in utilizing donations, reinforcing our commitment to maximizing the impact of every contribution and ensuring that your support is channeled effectively towards our mission-driven initiatives.
Comprehensive Financial Oversight
At Mission Quest, we take our financial stewardship seriously. Our accounting team employs rigorous procedures to ensure that all finances are managed with the utmost care and precision. This commitment to excellence in financial management is a testament to our dedication to transparency and accountability.
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To further affirm our dedication, Mission Quest undergoes an annual financial audit conducted by Warady & Davis LLP. As one of the most respected and thorough CPA firms in Illinois, Warady & Davis LLP meticulously reviews our financial statements, ensuring that our financial practices meet the highest standards of integrity and accuracy. To further demonstrate our commitment to transparency, we provide detailed financial statements for the past three years, available on the ECFA website. For your convenience, we have also provided the Revenue and Expenses Trend for the past four years in the chart below.
These reports highlight our financial activities and underscore our commitment to accountability. In addition to the information available on the ECFA website and provided above, we include below the most recent 990 tax forms, the audited financial statements of Mission Quest, and the IRS determination letter confirming our 501(c)(3) tax-exempt status.​
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2023 Financial Statements
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2023 Form 990 Filing. (PDF)
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2022 Financial Statements
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2022 Form 990 Filing. (PDF)​
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This comprehensive approach guarantees that every donation is utilized effectively to support our mission, providing our donors and stakeholders with the confidence that their contributions are making a real and meaningful impact.
Join Us in Building God’s Kingdom
We invite you to partner with us in building God’s kingdom with confidence. Your contributions are managed with the highest level of accountability, ensuring that your support directly impacts the lives of those we serve. Together, we can make a significant difference, spreading hope and faith across the globe.
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Thank you for trusting Mission Quest. Your support is invaluable, and we are committed to maintaining the highest standards of integrity and transparency.
