From CNEWA

Financial Statements

Below are the consolidated annual financial statements of CNEWA. In 2018, CNEWA adopted new accounting standards developed and required by the Financial Accounting Standards Board. These include the reduction in the number of categories of net assets from three to two, and the clarification of how to distinguish costs associated with program, fundraising and general management.

Click here to review the financial statements for CNEWA Canada.

Revenue Without Restrictions With Restrictions 2018 Total
Contributions $5,984,589 $5,760,947 $11,745,536
Grants from funding agencies 27,735 6,770,068 6,797,803
Collections 1,654,649 1,654,649
Legacies and bequests 4,202,775 1,156,845 5,359,620
Investment return 850,478 959,593 1,810,071
Contributed services 207,156 207,156
Net assets released from restrictions 13,262,245 (13,262,245)
Total Revenue $26,189,627 $1,385,208 $27,574,835


Expenses Without Restrictions With Restrictions 2018 Total
Program services
Accompanying the church $6,622,788 $6,622,788
Responding to human needs 13,285,015 13,285,015
Public awareness 1,428,854 1,428,854
Total program services 21,336,657     —     21,336,657
Support service –
Management and general 2,124,168 2,124,168
Fund-raising 2,585,359 2,585,359
Total support services 4,709,527     —     4,709,527
Total Expenses $26,046,184     —     $26,046,184


Net Assets 2018 Total
Undesignated $15,324,561
BD designated 6,614,902
Plant 3,730,189
Without donor restrictions 25,669,652
With donor restrictions 30,044,945
Total Net Assets $55,714,597