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The church has not publicly disclosed its financial statements in the United States since 1959. [5] The church does disclose its financials in the United Kingdom [6] and Canada [7] where it is required to do so by law. In the UK, these financials are audited by the UK office of PricewaterhouseCoopers.
Catholic Church in Australia: 23.25 Australia: Catholicism: Extrapolated figure from calculating assets and investments in the state of Victoria. [7] Seventh-day Adventist Church: 15.6 United States: Adventism: As of 1998. [8] Church of England: 13.84 United Kingdom: Anglican: Endowment funds. [9] Church of Sweden: 11.41 Sweden: Lutheran: FY2012.
The Evangelical Council for Financial Accountability (ECFA) is an American financial standards association representing Evangelical Christian organizations and churches, which qualify for tax-exempt, nonprofit status and receive tax-deductible contributions.
Nonprofit and governments use the same four standard financial statements as profit-making organizations: Statement of financial activities or statement of support, revenue and expenses. This statement resembles the income statement of a business, but may use terms like excess or deficit rather than profit or loss. It shows the net results, by ...
The Church of England has a large endowment of £8.7 billion which generates approximately £1 billion a year in income (2019), [1] this is their largest source of revenue. . The 2019 Financial report showed that the size of the endowment has been steady or growing slightly in recent years, delivering a return of 10% (201
In a letter to Benny Hinn Ministries, [8] Grassley asked for the ministry to divulge financial information [9] to the Senate Committee on Finance to determine if Hinn made any personal profit from financial donations, and requested that Hinn's ministry make the information available by December 6, 2007.