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Blog EntryJul 17, '10 12:55 PM
for everyone

My purpose in re-posting this is not to discredit TBN (the Trinity Broadcasting Network) but to point out what should be obvious: "The love of money is the root of all evil" (I Timothy 6:10).

We have seen many other ministries abuse their funds and those who contribute to this one might want to prayerfully consider send their donations to ministries that need and use them more effectively.
This is just FYI:

From www.fishthe.net

Facts regarding the financial affairs of Trinity Broadcasting Network (TBN) should cause donors to prayerfully

consider supporting other Christian ministries that will achieve the donor's objective in a manner that

is more transparent and reveals a more efficient and effective use of contributed funds. Huge excess

funds, high salaries and very low spending on ministry purposes are grave concerns for donors particularly

when so many other worthy ministries are struggling to find the money to meet the needs of the people the

Lord has called them to serve.

MinistryWatch Take:

MinistryWatch. com believes donors are entitled to make an educated and knowledgeable giving decision

based on all the facts about a ministry. Regarding TBN, donors should know:

TBN presently has cash, short term investments and long term investments of about $280 million. This

huge cash stockpile should be spent on their charitable purpose and not built ever higher each

year. Yet, TBN continues to ask donors for more money without disclosing how much they already

have.

The salaries for TBN founders Paul and Jan Crouch were $403,700 and $361,000 respectively for

2002 (the last year such numbers are available). This total of $764,700 is considerably higher than the

average for executive pay for nonprofits.

The profits earned by TBN over the past five years amount to $285 million, which raises questions

about the claims that Paul and Jan Crouch make regarding the need for additional ministry funding.

The profits TBN reports annually are actually larger than the total yearly financial needs of most ministries

in the www.MinistryWatch. com database!

Most ministries are struggling financially, but still scrimp on salaries and overhead expenses in order to

provide aid and comfort to the needy or reach the lost. TBN, however, is financially well off compared

to other ministries but spends shockingly little on its charitable programs. TBN's 2002 program expenses

are extremely low at 46%, when compared to the www.MinistryWatch. com database average

at about 80%. Additionally, TBN's 2002 savings rate is high at about 36% compared to Wall Watchers'

ministry database average of around zero.

TBN refuses to release consolidated audited financial statements, giving it a Transparency grade of `C'

and making it impossible for MinistryWatch to fully and accurately analyze the financial operations of

TBN on behalf of donors.

Questions regarding an extravagant lifestyle for the couple remain unanswered.

MinistryWatch recommends that donors to TBN strongly consider redirecting their giving to one of the

many scripturally sound, needy ministries that can be found in our www.MinistryWatch.com database. 

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John of AllFaith

I have invested the last 40 plus years seeking Truth.

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I've examined and even practiced most of the world's religions. many of my older posts reflect things I no longer believe to be true. Yet there is more to truth than are contained within our philosophies as the Bard so wisely noted.

Shalom Alaikum,

~ Messianic Rabbi Yochanan Levine

~ John of AllFaith