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, 2020 and 2019.
Statements of Activities - Condensed (in thousands)
2020
2019
Ministry Support and Revenues:
Ministry Support
$297,935
$320,721
Gifts in Kind
52,926
91,979
Other revenue and investment gain (loss), net
2,073
3,364
Total Ministry Support and Revenues
352,934
416,064
Ministry Expenses:
Ministry and program
312,546
374,193
Fundraising
32,187
32,254
General and administrative
16,845
17,475
Total Ministry Expenses
361,578
423,922
Other activities
(893)
309
Decrease in Net Assets
$(9,357)
$(7,549)
Statements of Financial Position - Condensed (in thousands)
2020
2019
Assets:
Cash and investments
$50,492
$51,123
Contributions receivable, net
60,988
67,164
Gifts in kind inventories
15,192
8,556
Other current assets
8,483
8,652
Fixed assets, net of depreciation
77,889
82,061
Other assets
25,748
26,194
Total Assets
$238,792
$243,750
Liabilities:
Deferred gifts in kind revenue
$15,192
$8,556
Other liabilities
28,155
28,822
Long-term debt
56,855
58,245
Total Liabilities
100,202
95,623
Net Assets
138,590
148,127
Total Liabilities and Net Assets
$238,792
$243,750