Quote:
Originally Posted by Mormon Red Death
the church has a lot more money than you think. As a financial clerk of a small poorer ward I was very surprised how much money in tithing the church gets. Even when I was a financial clerk for student singles ward at the U the tithing was around 4k a week. If we say that is the average for all the wards in the world (~30,000) we get about 6.4 billion a year in tithing.
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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.