Ministry Spotlight: LeaderSource
Organization now in top 20% for financial efficiency in Leadership Training
LeaderSource, a leadership development ministry, has moved into the top 20% for financial efficiency in the Leadership Training sector, earning it some of the highest ratings in the MinistryWatch database, including a 5-Star financial efficiency rating.
Photo via social media / LeaderSource Nigeria from 2021
According to its website, “there are at least 5 million church leaders in the world today, [but] it is estimated that only 5% of them have been trained.”
This is where LeaderSource comes in. The organization is based in Elkhart, Indiana, but works internationally in Africa, India, and Asia. According to its website “LeaderSource directly trains over 100,000 leaders each year from dozens of nations.” It partners with church planting networks and ministries around the world to offer coaching, consulting, training and mentorship.
The organization, which has a Donor Confidence Score of 97, makes both its audited financial statements and Form 990s available to the public. From 2020 to 2024, LeaderSource’s revenue grew from $3 million to $4.4 million, and expenses grew from $2.4 million to $4.5 million.
LeaderSource has a 3-Star Asset Utilization Rating because it has $2.6 million in net assets and a 61% reserve coverage ratio.
When asked about the net assets, LeaderSource Executive Director Malcolm Webber told MinistryWatch, “Our board considers having a cushion of six months or so of expenses to be a prudent financial practice. And our major donors appreciate it as well. They invest in us for the long term.”
He added that the organization has plans to use the funds.
“In the coming year we will have a major expansion into Latin America, Lord willing. Each year we expand our work into new nations. Currently we work in 30-40 nations with 90+ staff.”
MinistryWatch Donor Confidence Score: 97 (out of a possible 100) “Give With Confidence”
MinistryWatch Financial Efficiency Rating: 5 Stars (out of a possible 5 Stars)
MinistryWatch Transparency Grade: A
Revenue in Most Recent Year Available: $4,444,065
Five-Year Revenue Trend: 45% (Increasing)
Percent of Revenue LeaderSource Spends on Fundraising: 2%
Percent Peer Group Spends on Fundraising: 8%
CEO/President: Dr. Malcolm Webber
President’s Salary and Other Compensation: $236,613
A complete MinistryWatch profile for LeaderSource can be found here.
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