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 31, 2019 and 2018.
Statements of Activities - Condensed (in thousands)
2019
2018
Ministry Support and Revenues:
Ministry Support
$320,721
$331,768
Gifts in Kind
91,979
245,919
Other revenue and investment gain (loss), net
3,364
1,598
Total Ministry Support and Revenues
416,064
579,285
Ministry Expenses:
Ministry and program
374,193
524,767
Fundraising
32,254
31,899
General and administrative
17,475
18,157
Total Ministry Expenses
423,922
574,823
Other revenues and gains (losses), net
309
678
Increase (decrease) in Net Assets
$(7,549)
$5,140
Statements of Financial Position - Condensed (in thousands)
2019
2018
Assets:
Cash and investments
$51,123
$49,533
Contributions receivable, net
67,164
70,720
Gifts in kind inventories
8,556
19,327
Other current assets
8,652
8,132
Fixed assets, net of depreciation
82,061
87,008
Other assets
26,194
28,109
Total Assets
$243,750
$262,829
Liabilities:
Deferred gifts in kind revenue
$8,556
$19,327
Other liabilities
28,822
28,372
Long-term debt
58,245
59,454
Total Liabilities
95,623
107,153
Net Assets
148,127
155,676
Total Liabilities and Net Assets
$243,750
$262,829