Lifesong for Orphans

Summary

Lifesong seeks to mobilize the Church to care for the orphan, where each member can provide a unique and special service: some to adopt, some to care, some to give. 100% of all donations to Lifesong for Orphans will go to caring for orphans (no administrative costs will be deducted).


Contact information

Mailing address:
Lifesong for Orphans
PO Box 9
Gridley, IL 61744

Website: lifesong.org

Phone: 309-747-4527

Email: info@lifesongfororphans.org


Organization details

EIN: 351902841

CEO/President: Gary Ringger

Chairman: Gary Ringger

Board size: 7

Founder: Gary Ringger

Year founded: 1994

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2007


Purpose

Every Child We Serve Will: 1. Not want for food, clothing, medical care, or shelter 2. Be taught the Gospel and how to live as followers of Jesus Christ 3. Receive a quality education to provide a foundation for their future 4. Experience continued love and support as they transition into adult living.


Mission statement

Our mission is to bring joy and purpose to orphans.


Statement of faith

The Bible is the inspired and infallible Word of God to man. There is one eternal God, the Creator of all things, who exists in three persons: the Father, the Son, and the Holy Spirit. Jesus Christ, the Son of God, was conceived by the Holy Spirit, born of the Virgin Mary, and lived a sinless life. Man was created in God's image, but by man's transgression became separated from God. Man is justified by faith, by the shed blood of Jesus Christ on Calvary's cross, His death, and His resurrection from the grave. The Holy Spirit resides in the hearts of true believers and is evidenced by a spiritual rebirth, reconciliation with God, and obedience to God's Word. Both the saved and the lost will be resurrected; the saved unto eternal life and the lost unto eternal damnation. God is the creator of all life, including the unborn; all life is precious in His sight. God designed marriage to be between a man and a woman united in a lifelong union.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Advocacy

CategoryRatingOverall rankSector rank
Overall efficiency rating270 of 6199 of 32
Fund acquisition rating179 of 6208 of 32
Resource allocation rating136 of 6204 of 32
Asset utilization rating548 of 61927 of 32

Financial ratios

Funding ratiosSector median20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%5%5%4%4%3%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%5%5%4%4%3%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
94%98%98%98%99%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
7%6%5%5%5%4%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
6%2%2%2%1%0%
 
Operating ratiosSector median20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%90%90%90%90%92%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%83%88%85%84%84%
Program output ratio Program output ratio =
Program services /
Total revenue
81%75%79%76%76%77%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%17%12%15%16%16%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%17%12%16%17%20%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%5%5%5%5%4%
 
Investing ratiosSector median20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.360.820.880.880.891.02
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.282.562.112.132.082.01
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.652.091.851.861.852.04
 
Liquidity ratiosSector median20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
12.0134.7753.8191.2646.9233.95
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.030.020.010.020.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.185.576.356.376.365.70
 
Solvency ratiosSector median20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
12%2%2%2%1%1%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
65%120%112%112%111%97%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$7,602,179$7,442,499$6,695,839$5,721,478$4,943,586
Receivables, inventories, prepaids$180,170$394,091$127,594$60,334$38,829
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$7,782,349$7,836,590$6,823,433$5,781,812$4,982,415
Long-term investments$754,147$196,266$255,845$246,255$342,613
Fixed assets$11,241,507$8,358,531$7,212,805$5,849,302$4,667,131
Other long-term assets$123,123$152,635$213,449$153,040$0
Total long-term assets$12,118,777$8,707,432$7,682,099$6,248,597$5,009,744
Total assets$19,901,126$16,544,022$14,505,532$12,030,409$9,992,159
 
Liabilities20172016201520142013
Payables and accrued expenses$223,843$145,622$74,767$123,240$146,749
Other current liabilities$0$0$0$0$0
Total current liabilities$223,843$145,622$74,767$123,240$146,749
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$81,441$172,397$223,000$0$0
Total long-term liabilities$81,441$172,397$223,000$0$0
Total liabilities$305,284$318,019$297,767$123,240$146,749
 
Net assets20172016201520142013
Unrestricted$11,800,780$8,645,601$7,356,971$6,188,429$4,766,988
Temporarily restricted$7,795,062$7,580,402$6,850,794$5,718,740$5,078,422
Permanently restricted$0$0$0$0$0
Net assets$19,595,842$16,226,003$14,207,765$11,907,169$9,845,410
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$19,146,633$16,235,496$14,706,740$12,619,019$12,086,478
Program service revenue$343,143$288,316$270,521$164,581$74,507
Membership dues$0$0$0$0$0
Investment income$80,582($18,059)$26,952$25,971$19,641
Other revenue$876$12,590($10,722)($68,041)($43,199)
Total other revenue$424,601$282,847$286,751$122,511$50,949
Total revenue$19,571,234$16,518,343$14,993,491$12,741,530$12,137,427
 
Expenses20172016201520142013
Program services$14,610,050$13,048,541$11,464,824$9,636,817$9,347,023
Management and general$739,888$716,023$619,579$540,036$444,584
Fundraising$925,532$760,541$633,492$502,918$391,186
Total expenses$16,275,470$14,525,105$12,717,895$10,679,771$10,182,793
 
Change in net assets20172016201520142013
Surplus (deficit)$3,295,764$1,993,238$2,275,596$2,061,759$1,954,634
Other changes in net assets$0$0$0$0$0
Total change in net assets$3,295,764$1,993,238$2,275,596$2,061,759$1,954,634

Response from ministry

No response has been provided by this ministry.


History


Program accomplishments


Needs