Lifesong for Orphans 
The information on this page was last updated 5/19/2023. If you see errors or omissions, please email: [email protected]
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.
With caring people like you and church partnerships, we support children through global orphan care ministries, Christian adoptive families, and foster care initiatives.
Contact information
Mailing address:
Lifesong for Orphans
PO Box 9
Gridley, IL 61744
Website: lifesong.org
Phone: 309-747-4527
Email: [email protected]
Organization details
EIN: 351902841
CEO/President: Gary Ringger
Chairman: Rod Brenneman
Board size: 8
Founder: Gary Ringger
Ruling year: 1994
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 2007
Purpose
Every Child We Serve Will:
Be taught the Gospel and how to live as followers of Jesus Christ
Not want for food, clothing, medical care, or shelter
Receive a quality education to provide a foundation for their future
Experience continued love and support as they transition into adult living
Mission statement
Our mission is bringing 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.
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Adoption/Foster Care
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 345 of 1106 | 11 of 32 |
| Fund acquisition rating | | 168 of 1107 | 6 of 32 |
| Resource allocation rating | | 177 of 1107 | 3 of 32 |
| Asset utilization rating | | 967 of 1106 | 26 of 32 |
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 10% | 4% | 3% | 5% | 5% | 5% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 4% | 3% | 3% | 4% | 5% | 5% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 60% | 88% | 96% | 96% | 98% | 96% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 4% | 4% | 5% | 7% | 6% | 5% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 40% | 12% | 4% | 4% | 2% | 4% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 94% | 91% | 88% | 89% | 90% |
Spending ratio Spending ratio = Total expenses / Total revenue | 101% | 81% | 66% | 68% | 76% | 86% |
Program output ratio Program output ratio = Program services / Total revenue | 85% | 76% | 60% | 60% | 67% | 77% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | -1% | 19% | 34% | 32% | 24% | 14% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 1% | 12% | 25% | 22% | 19% | 12% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 2% | 4% | 5% | 5% | 4% |
| Investing ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.04 | 0.51 | 0.49 | 0.46 | 0.59 | 0.72 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.35 | 1.80 | 1.85 | 1.81 | 2.21 | 2.73 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.74 | 0.92 | 0.91 | 0.84 | 1.31 | 1.96 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 13.54 | 60.05 | 133.04 | 54.52 | 32.47 | 31.11 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.02 | 0.01 | 0.02 | 0.03 | 0.03 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.41 | 12.82 | 13.10 | 14.00 | 8.89 | 5.93 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 1% | 1% | 1% | 1% | 1% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 1% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 84% | 193% | 202% | 213% | 166% | 138% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Cash | $4,950,513 | $5,811,449 | $4,176,900 | $11,225,226 | $5,208,927 |
| Receivables, inventories, prepaids | $1,940,377 | $443,526 | $275,720 | $221,613 | $259,445 |
| Short-term investments | $28,020,940 | $23,497,203 | $18,884,390 | $3,493,042 | $4,167,748 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $34,911,830 | $29,752,178 | $23,337,010 | $14,939,881 | $9,636,120 |
| Long-term investments | $4,360,614 | $4,306,492 | $1,285,829 | $1,393,845 | $1,434,421 |
| Fixed assets | $22,765,309 | $20,407,989 | $17,079,405 | $15,721,995 | $14,813,094 |
| Other long-term assets | $712,498 | $604,467 | $624,417 | $910,941 | $461,608 |
| Total long-term assets | $27,838,421 | $25,318,948 | $18,989,651 | $18,026,781 | $16,709,123 |
| Total assets | $62,750,251 | $55,071,126 | $42,326,661 | $32,966,662 | $26,345,243 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| Payables and accrued expenses | $581,426 | $223,641 | $428,006 | $460,052 | $309,711 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $581,426 | $223,641 | $428,006 | $460,052 | $309,711 |
| Debt | $2,640 | $305,000 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $2,640 | $305,000 | $0 | $0 | $0 |
| Total liabilities | $584,066 | $528,641 | $428,006 | $460,052 | $309,711 |
| Net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Without donor restrictions | $32,881,200 | $29,118,301 | $24,620,761 | $21,511,669 | $16,994,544 |
| With donor restrictions | $29,284,985 | $25,424,184 | $17,277,894 | $10,994,941 | $9,040,988 |
| Net assets | $62,166,185 | $54,542,485 | $41,898,655 | $32,506,610 | $26,035,532 |
| Revenues and expenses | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| Total contributions | $35,039,526 | $39,115,232 | $27,804,328 | $25,258,822 | $21,141,814 |
| Program service revenue | $2,252,553 | $1,207,516 | $925,219 | $741,425 | $685,091 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $2,512,638 | $458,235 | $208,288 | ($114,352) | $194,269 |
| Other revenue | $1,909 | ($25,346) | ($49,585) | ($12,984) | $22,415 |
| Total other revenue | $4,767,100 | $1,640,405 | $1,083,922 | $614,089 | $901,775 |
| Total revenue | $39,806,626 | $40,755,637 | $28,888,250 | $25,872,911 | $22,043,589 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| Program services | $30,324,170 | $24,504,773 | $17,301,922 | $17,434,984 | $17,028,047 |
| Management and general | $513,071 | $1,211,601 | $1,056,666 | $930,085 | $831,230 |
| Fundraising | $1,306,670 | $1,338,115 | $1,276,610 | $1,190,036 | $1,025,017 |
| Total expenses | $32,143,911 | $27,054,489 | $19,635,198 | $19,555,105 | $18,884,294 |
| Change in net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Surplus (deficit) | $7,662,715 | $13,701,148 | $9,253,052 | $6,317,806 | $3,159,295 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $7,662,715 | $13,701,148 | $9,253,052 | $6,317,806 | $3,159,295 |
Compensation
| Name | Title | Compensation |
| N Andrew Lehman | Vice-President | $234,604 |
| Kory Kaeb | VP - Operations | $213,403 |
Compensation data as of: 6/30/2023
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 5/19/2023. To update the information below, please email: [email protected]