Financial Accountability
CBN's financial statements are audited by our independent auditors, KPMG LLP. View the complete audited statements here.
If you would like a copy of our audited statements mailed to you, please write to:
Public Relations Department
The Christian Broadcasting Network, Inc.
977 Centerville Turnpike
Virginia Beach, Virginia 23463-1001
CBN is a member of the Evangelical Council for Financial Accountability (ECFA).
Below is the condensed financial information for the years ended March 31st, 2017 and 2016.
Statements of Activities - Condensed (in thousands)
2017
2016
Ministry Support and Revenues:
Ministry Support
$312,406
48.9%
$314,852
52.5%
Gifts in Kind
322,630
50.5%
286,720
47.8%
Other revenue and investment gain (loss), net
3,943
0.6%
(1,743)
(0.3%)
Total Ministry Support and Revenues
638,979
100.0%
599,829
100.0%
Ministry Expenses:
Ministry and program
589,523
92.4%
564,609
92.3%
Fundraising
31,437
4.9%
30,639
5.0%
General and administrative
17,194
2.7%
16,681
2.7%
Total Ministry Expenses
638,154
100.0%
611,929
100.0%
Other gains, net
350
5,598
Increase (decrease) in Net Assets
$1,175
$(6,502)
Statements of Financial Position - Condensed (in thousands)
2017
2016
Assets:
Cash and investments
$46,875
$49,921
Contributions receivable, net
64,182
59,943
Gifts in kind inventories
111,761
35,960
Other current assets
8,802
6,820
Fixed assets, net of depreciation
91,446
97,769
Other assets
27,764
27,594
Total Assets
$350,830
$278,007
Liabilities:
Deferred gifts in kind revenue
$111,761
$35,960
Other liabilities
27,992
31,100
Long-term debt
60,541
61,586
Total Liabilities
200,294
128,646
Net Assets
150,536
149,361
Total Liabilities and Net Assets
$350,830
$278,007