Quote:
Originally Posted by SeattleUte
I have no opinion on how rich the church is. I don't know how anybody not in the highest levels of leadership could. I assume, as Archea said, it must adhere to sound financial decision-making.
But gross revenues are meaningless. Ford MC's revenues are a great deal higher than 6.4 billion and it's going broke. As Archea noted, the great majority of the Church's assets are not income producing. I also assume that until now the Church's investments have been pretty risk-free and stodgy--low reliable return. This I would put more in the high flying category.
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Like I posted from the time article over on cougarboard, it was estimated that the church's non-tithe income from it's investments are over $600 million/year. This is a 5 year project and has been in the planning for 3 years. I don't see why it's not believable that the church is not having to take out loans on this.