Living Stream Ministry

Summary

The Living Stream Ministry publishes the works of Watchman Nee and Witness Lee, providing the authoritative and definitive collections of treasures from these two servants of the Lord Jesus Christ. The writings of Watchman Nee and Witness Lee focus on the enjoyment of the divine life, which all the believers possess, and on the building up of the church, the goal of God's work with man in this age.


Contact information

Mailing address:
P.O. Box 2121
2431 W. LA Palma Avenue (92801)
Anaheim, CA 92814-0121

Website: www.LSM.org

Phone: (714) 236-6001

Email: office@lsm.org


Organization details

EIN: 237031637

CEO/President: Mr. Benson Phillips

Chairman:

Board size: 9

Founder:

Year founded:

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

Living Stream Ministry publishes the works of Watchman Nee and Witness Lee, providing the authoritative and definitive collections of treasures from these two servants of the Lord Jesus Christ. The writings of Watchman Nee and Witness Lee focus on the enjoyment of the divine life, which all the believers possess, and on the building up of the church, the goal of God's work with man in this age.


Mission statement


Statement of faith

Living Stream uses the following to express its Statement of Faith:

Holding the Bible as the complete and only divine revelation, we strongly believe that God is eternally one and also eternally the Father, the Son, and the Spirit, the three being distinct but not separate. We hold that Christ is both the complete God and the perfect man. Without abandoning His divinity, He was conceived in the womb of a human virgin, lived a genuine human life on earth, and died a vicarious and all-inclusive death on the cross. After three days He resurrected bodily and has ascended to the heavens. He is now in glory, fully God but still fully man. We look to His imminent return with the kingdom of God, by which He will reign over the earth in the millennium and in eternity. We confess that the third of the Trinity, the Spirit, is equally God. All that the Father has and is, is expressed by the Son; and all that the Son has and is, is realized as the Spirit. We further believe that mankind is in need of God's salvation. Though we were absolutely unable to fulfill the heavy demands of God's righteousness, holiness, and glory, Christ fulfilled all the requirements through His death on the cross. Because of Christ's death, God has forgiven us of our sins, reconciled us to Himself, and justified us by making Christ our righteousness. Based on Christ's redemption, God regenerates the redeemed with His Spirit to consummate His salvation, that they may become His children. Now possessing God's life and nature, the believers enjoy a daily salvation in His Body in this age and the eternal salvation in the coming age and in eternity. In eternity we will dwell with God in the New Jerusalem, the consummation of God's salvation of His elect.

Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Publishing

CategoryRatingOverall rankSector rank
Overall efficiency rating298 of 5763 of 10
Fund acquisition rating117 of 5762 of 10
Resource allocation rating253 of 5764 of 10
Asset utilization rating542 of 5769 of 10

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%0%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
94%37%22%11%15%39%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
6%63%78%89%85%61%
 
Operating ratiosMedian % for
all ministries in
MW database
20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%84%83%79%80%74%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%77%83%87%86%62%
Program output ratio Program output ratio =
Program services /
Total revenue
80%65%69%69%69%46%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%23%17%13%14%38%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%5%3%2%3%9%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%16%17%21%20%26%
 
Investing ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.100.160.150.140.140.14
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.655.324.805.185.784.94
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.190.870.700.720.820.68
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.9425.8527.4023.7134.8226.18
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.040.040.040.030.04
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.7113.1916.4115.9814.2716.96
 
Solvency ratiosMedian % for
all ministries in
MW database
20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%2%6%7%7%7%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%5%5%6%6%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
74%596%639%671%661%675%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$10,414,103$11,249,980$9,297,230$7,911,857$10,012,053
Receivables, inventories, prepaids$8,124,036$9,125,571$9,183,763$8,259,267$8,458,040
Short-term investments$400,025$464,955$320,314$270,734$376,871
Other current assets$0$0$0$0$0
Total current assets$18,938,164$20,840,506$18,801,307$16,441,858$18,846,964
Long-term investments$5,480,618$0$0$0$0
Fixed assets$76,085,770$77,631,451$77,128,165$77,182,145$73,048,332
Other long-term assets$206,058$1,638,808$1,541,445$1,457,079$1,279,515
Total long-term assets$81,772,446$79,270,259$78,669,610$78,639,224$74,327,847
Total assets$100,710,610$100,110,765$97,470,917$95,081,082$93,174,811
 
Liabilities20182017201620152014
Payables and accrued expenses$639,431$760,469$793,025$472,172$719,809
Other current liabilities$93,119$0$0$0$0
Total current liabilities$732,550$760,469$793,025$472,172$719,809
Debt$0$4,935,944$5,132,803$5,318,532$5,497,483
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$1,234,327$534,995$813,617$556,395$352,200
Total long-term liabilities$1,234,327$5,470,939$5,946,420$5,874,927$5,849,683
Total liabilities$1,966,877$6,231,408$6,739,445$6,347,099$6,569,492
 
Net assets20182017201620152014
Unrestricted$96,156,978$90,640,093$89,654,979$87,703,655$82,747,663
Temporarily restricted$2,586,755$3,239,264$1,076,493$1,030,328$3,857,656
Permanently restricted$0$0$0$0$0
Net assets$98,743,733$93,879,357$90,731,472$88,733,983$86,605,319
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$7,967,674$3,839,668$1,644,447$2,420,650$8,158,816
Program service revenue$6,101,553$6,404,133$6,074,204$5,332,139$5,079,450
Membership dues$0$0$0$0$0
Investment income$112,635$405,829$205,983$882,942$57,941
Other revenue$7,294,265$7,059,708$7,557,485$7,041,086$7,363,333
Total other revenue$13,508,453$13,869,670$13,837,672$13,256,167$12,500,724
Total revenue$21,476,127$17,709,338$15,482,119$15,676,817$20,659,540
 
Expenses20182017201620152014
Program services$13,867,180$12,139,561$10,742,444$10,768,495$9,498,496
Management and general$2,691,498$2,542,283$2,783,312$2,662,721$3,328,526
Fundraising$0$0$0$0$0
Total expenses$16,558,678$14,681,844$13,525,756$13,431,216$12,827,022
 
Change in net assets20182017201620152014
Surplus (deficit)$4,917,449$3,027,494$1,956,363$2,245,601$7,832,518
Other changes in net assets$0$0$0$0$0
Total change in net assets$4,917,449$3,027,494$1,956,363$2,245,601$7,832,518

Response from ministry

No response has been provided by this ministry.


History


Program accomplishments


Needs