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 rating292 of 7257 of 32
Fund acquisition rating204 of 7266 of 32
Resource allocation rating112 of 7264 of 32
Asset utilization rating656 of 72526 of 32

Financial ratios

Funding ratiosSector median20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%5%5%5%4%4%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
7%4%5%5%4%4%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%97%98%98%98%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
7%5%6%5%5%5%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%3%2%2%2%1%
 
Operating ratiosSector median20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%91%90%90%90%90%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%86%83%88%85%84%
Program output ratio Program output ratio =
Program services /
Total revenue
79%77%75%79%76%76%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%14%17%12%15%16%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%14%17%12%16%17%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%4%5%5%5%5%
 
Investing ratiosSector median20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.400.800.820.880.880.89
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.142.602.562.112.132.08
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.652.082.091.851.861.85
 
Liquidity ratiosSector median20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.0929.4534.7753.8191.2646.92
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.030.030.020.010.02
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.185.565.576.356.376.36
 
Solvency ratiosSector median20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
12%1%2%2%2%1%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
63%123%120%112%112%111%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$7,453,828$7,602,179$7,442,499$6,695,839$5,721,478
Receivables, inventories, prepaids$411,419$180,170$394,091$127,594$60,334
Short-term investments$1,005,487$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$8,870,734$7,782,349$7,836,590$6,823,433$5,781,812
Long-term investments$1,436,123$754,147$196,266$255,845$246,255
Fixed assets$12,753,963$11,241,507$8,358,531$7,212,805$5,849,302
Other long-term assets$0$123,123$152,635$213,449$153,040
Total long-term assets$14,190,086$12,118,777$8,707,432$7,682,099$6,248,597
Total assets$23,060,820$19,901,126$16,544,022$14,505,532$12,030,409
 
Liabilities20182017201620152014
Payables and accrued expenses$301,251$223,843$145,622$74,767$123,240
Other current liabilities$0$0$0$0$0
Total current liabilities$301,251$223,843$145,622$74,767$123,240
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$81,441$172,397$223,000$0
Total long-term liabilities$0$81,441$172,397$223,000$0
Total liabilities$301,251$305,284$318,019$297,767$123,240
 
Net assets20182017201620152014
Unrestricted$14,689,805$11,800,780$8,645,601$7,356,971$6,188,429
Temporarily restricted$8,069,764$7,795,062$7,580,402$6,850,794$5,718,740
Permanently restricted$0$0$0$0$0
Net assets$22,759,569$19,595,842$16,226,003$14,207,765$11,907,169
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$20,918,652$19,146,633$16,235,496$14,706,740$12,619,019
Program service revenue$536,769$343,143$288,316$270,521$164,581
Membership dues$0$0$0$0$0
Investment income$126,495$80,582($18,059)$26,952$25,971
Other revenue$43,761$876$12,590($10,722)($68,041)
Total other revenue$707,025$424,601$282,847$286,751$122,511
Total revenue$21,625,677$19,571,234$16,518,343$14,993,491$12,741,530
 
Expenses20182017201620152014
Program services$16,757,448$14,610,050$13,048,541$11,464,824$9,636,817
Management and general$794,581$739,888$716,023$619,579$540,036
Fundraising$941,794$925,532$760,541$633,492$502,918
Total expenses$18,493,823$16,275,470$14,525,105$12,717,895$10,679,771
 
Change in net assets20182017201620152014
Surplus (deficit)$3,131,854$3,295,764$1,993,238$2,275,596$2,061,759
Other changes in net assets$0$0$0$0$0
Total change in net assets$3,131,854$3,295,764$1,993,238$2,275,596$2,061,759

Response from ministry

No response has been provided by this ministry.


History


Program accomplishments


Needs