Key Life Network

The information on this page was last updated 9/28/2023. If you see errors or omissions, please email: [email protected]


Summary

Key Life Network (KLN) is a broadcast ministry, which seeks to support and encourage communication and extension of the Christian life throughout the United States. KLN is committed to the teaching of Biblical life principles to those who want to live an authentic, relevant and balanced Christian life. Featuring the Bible teaching of Steve Brown and other "voices of grace"--through radio broadcasts, speaking engagements, website content and publications--Key Life seeks to encourage the believer's walk with Christ. Daily broadcasts are heard throughout the US and Canada on hundreds of radio stations, and around the world via the internet.


Contact information

Mailing address:
Key Life Network
PO Box 945000
Maitland, FL 32794-5000

Website: www.keylife.org

Phone: 1-800-539-5433

Email: [email protected]


Organization details

EIN: 592607667

CEO/President: Dr. George Bingham

Chairman: Richard Farmer

Board size: 14

Founder: Rev. Stephen Brown

Ruling year: 1986

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 1987


Purpose

Key Life Network's purpose is, through Bible Teaching, to communicate God's love and grace, and to encourage the believer's freedom, joy and faithfulness to Christ. Over 35 years ago, distribution of free sermon tapes from Rev. Stephen Brown began the ministry called "Key Life Tapes". Today, Steve's Bible teaching, along with teaching from other 'voices of grace', is shared through the distribution of tens of thousands of free teaching CDs and print items annually, and on hundreds of radio outlets and over the web daily. Steve's daily broadcast teaching developed as a primary ministry, and is heard on radio throughout the U.S. and Canada, and around the world via the Internet.


Mission statement

Key Life exists to communicate that the deepest message of the ministry of Jesus and the Bible is the radical grace of God to sinners and sufferers. Because life is hard for everyone, grace is for all of us. We believe the Bible reveals that this grace is amazing, scandalous, free, inexhaustible, mysterious, abundant, irresistible, costly, gratuitous, wondrous, overflowing and extravagant.


Statement of faith

We are all needy, sinful and helpless orphans birthed into a fallen world of darkness and death. But God, out of his compassion and love, came himself and made us sons and daughters by the sacrifice of Christ. Being adopted into the family of God is not about doing more or trying harder, it's about being welcomed Home by God because of his abundant grace, free from the penalties of sin and never alone in your suffering. This is true freedom-you are secure because of Jesus' overflowing and unending love.

Donor confidence score

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Transparency grade

A

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Financial efficiency ratings

Sector: Educational Media

CategoryRatingOverall rankSector rank
Overall efficiency rating78 of 11123 of 46
Fund acquisition rating44 of 11141 of 46
Resource allocation rating188 of 11148 of 46
Asset utilization rating428 of 111216 of 46

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%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
92%102%103%102%102%102%
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
8%-2%-3%-2%-2%-2%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%86%87%82%84%86%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%116%102%118%133%113%
Program output ratio Program output ratio =
Program services /
Total revenue
75%100%89%96%113%97%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%-16%-2%-18%-33%-13%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
7%-15%-1%-14%-21%-8%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%14%13%18%16%14%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.761.040.810.870.800.70
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.441.191.171.211.261.29
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.411.240.951.051.020.91
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.5815.5820.5016.1219.8816.87
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.060.050.060.050.06
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.329.0811.9710.7311.2112.43
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%5%4%5%4%5%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
103%91%118%109%119%136%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$1,333,166$1,680,353$1,633,065$1,787,229$2,152,663
Receivables, inventories, prepaids$220,607$211,578$228,566$177,256$136,558
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,553,773$1,891,931$1,861,631$1,964,485$2,289,221
Long-term investments$9,396$8,207$7,013$5,729$5,742
Fixed assets$247,773$278,851$337,187$473,648$615,641
Other long-term assets$40,277$40,277$40,277$40,277$44,481
Total long-term assets$297,446$327,335$384,477$519,654$665,864
Total assets$1,851,219$2,219,266$2,246,108$2,484,139$2,955,085
 
Liabilities20222021202020192018
Payables and accrued expenses$99,734$92,300$115,473$98,827$135,674
Other current liabilities$0$0$0$0$0
Total current liabilities$99,734$92,300$115,473$98,827$135,674
Debt$0$0$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$0$0$0$0$0
Total liabilities$99,734$92,300$115,473$98,827$135,674
 
Net assets20222021202020192018
Without donor restrictions$1,751,485$2,126,966$2,130,635$2,385,312$2,819,411
With donor restrictions$0$0$0$0$0
Net assets$1,751,485$2,126,966$2,130,635$2,385,312$2,819,411
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$1,687,736$1,829,361$1,688,964$1,526,464$1,882,092
Program service revenue$11,049$6,062$6,963$11,580$29,959
Membership dues$0$0$0$0$0
Investment income$31,713$16,428$34,703$35,958$12,831
Other revenue($78,735)($79,080)($73,103)($77,299)($83,314)
Total other revenue($35,973)($56,590)($31,437)($29,761)($40,524)
Total revenue$1,651,763$1,772,771$1,657,527$1,496,703$1,841,568
 
Expenses20222021202020192018
Program services$1,652,875$1,573,942$1,599,347$1,684,393$1,783,423
Management and general$267,970$229,856$353,341$312,871$295,776
Fundraising$0$0$0$0$0
Total expenses$1,920,845$1,803,798$1,952,688$1,997,264$2,079,199
 
Change in net assets20222021202020192018
Surplus (deficit)($269,082)($31,027)($295,161)($500,561)($237,631)
Other changes in net assets$0$0$0$0$0
Total change in net assets($269,082)($31,027)($295,161)($500,561)($237,631)

Compensation

NameTitleCompensation
Stephen W BrownSr. Exec VP$176,580
George D BinghamPresident$128,400
Dr Peter AlwinsonSecretary$5,250

Compensation data as of: 12/31/2022


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 9/28/2023. To update the information below, please email: [email protected]


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