In 2017, LWF total income increased to EUR 166m, some 10% or EUR 15m over the previous year income of EUR 151m. In 2017, the LWF spent EUR 163 million to implement its strategic priorities. The overall annual expenditure grew from EUR 142.37 million in 2016 to EUR 163 million in 2017, representing a 15% increase in program expenditures.
This increase was driven mainly by increased funding designated for LWF humanitarian response, revenue from expanded patient services provided by the Augusta Victoria Hospital, in Jerusalem, and additional funding for mission and Assembly work.
Income by source
Expenditure by department
Consolidated Results in 2017
The LWF is committed to responsible and accountable Christian stewardship in managing the funds entrusted to it. Assets are invested according to ethical and social criteria. We pledge accountability in the use of membership fees. We seek unrestricted revenue sources alongside on-going fundraising. We work towards a budget and operational plan that is balanced and sustainable.
Management and Control
The LWF operates in many difficult countries and is exposed to various financial risks that could adversely affect our financial results and performance. Risks are managed through an internal control system as per Swiss regulations.