Page 1

ICC’s Annual Financial Report 2012 An increasing number of individuals, churches, foundations, and other ministry partners supported ICC during 2012 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 Fund Raising Expenses as a percentage of Income was 11% of our total income this past year. A comparison of ICC’s financial results for the past five years follows: Fiscal Year Income Program Expenses* General & Admin. Fundraising Total Expenses *

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

2008 $ 853,307 $ 633,123 $ 72,043 $ 22,663 $ 727,829

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 Dr. Frank T. Robb, Vice Chairman Jeffrey King, President Christopher Kirk Scott Streator Steve Swales Richard Tucker Ed Wormald

2012%20annual%20financial%20rpt  

http://www.persecution.org/pdf/2012%20Annual%20Financial%20Rpt.pdf

Read more
Read more
Similar to
Popular now
Just for you