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, 2021 and 2020.
Statements of Activities - Condensed (in thousands)
2021
2020
Ministry Support and Revenues:
Ministry Support
$327,049
$297,935
Gifts in Kind
60,696
52,926
Other revenue and investment gain (loss), net
3,702
2,073
Total Ministry Support and Revenues
391,447
352,934
Ministry Expenses:
Ministry and program
296,989
312,546
Fundraising
28,198
32,187
General and administrative
14,875
16,845
Total Ministry Expenses
340,062
361,578
Other activities
4,565
(893)
Decrease in Net Assets
$55,950
$(9,357)
Statements of Financial Position - Condensed (in thousands)
2021
2020
Assets:
Cash and investments
$93,815
$50,492
Contributions receivable, net
68,842
60,988
Gifts in kind inventories
9,665
15,192
Other current assets
9,061
8,483
Fixed assets, net of depreciation
73,764
77,889
Other assets
28,659
25,748
Total Assets
$283,806
$238,792
Liabilities:
Deferred gifts in kind revenue
$9,665
$15,192
Other liabilities
24,071
28,155
Long-term debt
55,530
56,855
Total Liabilities
89,266
100,202
Net Assets
194,540
138,590
Total Liabilities and Net Assets
$283,806
$238,792