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Grassley asked for the ministry to divulge financial information [21] [22] to the committee to determine if Copeland made any personal profit from financial donations, and requested that Copeland's ministry make the information available by December 6, 2007. The Copelands responded with a "Financial report from Kenneth Copeland Ministries."
According to the LDS Church, most of its revenues come in the form of tithes and fast offerings contributed by members. [21] Tithing donations are used to support operations of the church, including construction and maintenance of buildings and other facilities, and are transferred from local units directly to church headquarters in Salt Lake City, where the funds are centrally managed.
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.
On September 3, 2008, the Special Investigative Committee of the OCA released a thirty-two-page report on the scandal. The report was presented to the Holy Synod and Metropolitan Council. The report found "an incredible failure at many levels to act responsibly". [6] It also recommended "discipline" for 5 individuals.
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.
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