ICC’s Annual Financial Report 2013 An increasing number of individuals, churches, foundations, and other ministry partners supported ICC during 2013 with record giving to our projects, and for general ministry support. ICC always seeks ways to wisely use the Lord’s money for ministry to the persecuted Church, and to maintain our administrative expenses at an absolute minimum. Our General and Administrative expenses and Fundraising expenses as a percentage of Income was 9.5 percent of our total income this year. A comparison of ICC’s financial results for the past five years follows: Fiscal Year Income Program Expenses* General & Admin Fundraising Total Expenses *
$ $ $ $ $
2013 2,131,624 1,940,119 146,019 55,728 2,141,866
$ $ $ $ $
2012 1,491,855 1,299,477 120,602 47,816 1,467,895
$ $ $ $ $
2011 1,234,958 1,149,480 96,193 33,974 1,279,647
$ $ $ $ $
2010 2,031,076 766,663 78,767 27,579 873,009
$ $ $ $ $
2009 799,402 756,772 86,771 30,243 873,786
Program expenses are funds we are spending to do ministry. For instance, if we provide support for a persecuted pastor, that is considered a “program expense.” Other examples include support payments to the families of imprisoned pastors, and funds spent on training underground pastors.
ICC is a 501 (c) (3) tax-exempt corporation organized in 1995 in the State of Maryland. All gifts to ICC are fully tax deductible. Our latest IRS Form 990 is available on our website at www.persecution.org. Copies of the latest independent financial audit or IRS Form 990 are available for cost of reproduction and postage. Requests should be directed to us in writing at 2020 Pennsylvania Ave. NW, #941, Washington DC 20006-1846.
ICC Board of Directors The following currently serve as members of ICC’s Board of Directors: James Schnabel, Chairman Jeff King, President Christopher Kirk Scott Streator Steve Swales Richard Tucker Ed Wormald