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 rating287 of 4945 of 9
Fund acquisition rating141 of 4942 of 9
Resource allocation rating235 of 4942 of 9
Asset utilization rating462 of 4948 of 9

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
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
95%22%11%15%39%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
5%78%89%85%61%61%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%83%79%80%74%74%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%83%87%86%62%70%
Program output ratio Program output ratio =
Program services /
Total revenue
80%69%69%69%46%51%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%17%13%14%38%30%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%3%2%3%9%8%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%17%21%20%26%26%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.190.150.140.140.140.16
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.524.805.185.784.945.66
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.310.700.720.820.680.91
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.1227.4023.7134.8226.1856.84
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.040.040.030.040.02
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.4116.4115.9814.2716.9612.89
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%6%7%7%7%8%
Debt ratio Debt ratio =
Debt /
Total assets
0%5%5%6%6%7%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
70%639%671%661%675%572%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$11,249,980$9,297,230$7,911,857$10,012,053$6,559,095
Receivables, inventories, prepaids$9,125,571$9,183,763$8,259,267$8,458,040$8,211,432
Short-term investments$464,955$320,314$270,734$376,871$255,176
Other current assets$0$0$0$0$0
Total current assets$20,840,506$18,801,307$16,441,858$18,846,964$15,025,703
Long-term investments$0$0$0$0$0
Fixed assets$77,631,451$77,128,165$77,182,145$73,048,332$68,842,087
Other long-term assets$1,638,808$1,541,445$1,457,079$1,279,515$1,162,729
Total long-term assets$79,270,259$78,669,610$78,639,224$74,327,847$70,004,816
Total assets$100,110,765$97,470,917$95,081,082$93,174,811$85,030,519
 
Liabilities20172016201520142013
Payables and accrued expenses$760,469$793,025$472,172$719,809$264,367
Other current liabilities$0$0$0$0$0
Total current liabilities$760,469$793,025$472,172$719,809$264,367
Debt$4,935,944$5,132,803$5,318,532$5,497,483$5,669,334
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$534,995$813,617$556,395$352,200$501,138
Total long-term liabilities$5,470,939$5,946,420$5,874,927$5,849,683$6,170,472
Total liabilities$6,231,408$6,739,445$6,347,099$6,569,492$6,434,839
 
Net assets20172016201520142013
Unrestricted$90,640,093$89,654,979$87,703,655$82,747,663$78,273,342
Temporarily restricted$3,239,264$1,076,493$1,030,328$3,857,656$322,338
Permanently restricted$0$0$0$0$0
Net assets$93,879,357$90,731,472$88,733,983$86,605,319$78,595,680
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$3,839,668$1,644,447$2,420,650$8,158,816$7,624,859
Program service revenue$6,404,133$6,074,204$5,332,139$5,079,450$4,894,780
Membership dues$0$0$0$0$0
Investment income$405,829$205,983$882,942$57,941$33,082
Other revenue$7,059,708$7,557,485$7,041,086$7,363,333$7,124,908
Total other revenue$13,869,670$13,837,672$13,256,167$12,500,724$12,052,770
Total revenue$17,709,338$15,482,119$15,676,817$20,659,540$19,677,629
 
Expenses20172016201520142013
Program services$12,139,561$10,742,444$10,768,495$9,498,496$10,113,830
Management and general$2,542,283$2,783,312$2,662,721$3,328,526$3,630,928
Fundraising$0$0$0$0$0
Total expenses$14,681,844$13,525,756$13,431,216$12,827,022$13,744,758
 
Change in net assets20172016201520142013
Surplus (deficit)$3,027,494$1,956,363$2,245,601$7,832,518$5,932,871
Other changes in net assets$0$0$0$0$0
Total change in net assets$3,027,494$1,956,363$2,245,601$7,832,518$5,932,871

Response from ministry

No response has been provided by this ministry.


History


Program accomplishments


Needs