Assuming we can take the prophet’s word for it – and assuming this wasn’t an extraordinarily charitable year for the church (which, considering the fact that most years go by without the church releasing any such financial numbers, seems unlikely) – this means the church spends about 1% of its annual income, or, to look at it another way, less than $5 per member per year on charity. Anonymous, board post 11th May 2005, ‘The Mormon Church Does a Masterful Job at Masquerading as a Charitable Organisation’
Tiptoes, librarian and I went downtown today on a break from our sessions at the Exmormon Conference. Our destination – City Creek Mall, our question: what in God’s name is here that’s worth 5-8 Billion dollars???
To start with, security is everywhere and obvious. They are dressed like Canadian Mounties without the horse. Round hats and an overly helpful attitude ...
I noticed that ALL of the high-end stores were empty except Tiffany’s which had a looky-loo area and then an inner sanctum which was peekable from the outside. There was one strangely dressed, hatted couple in there looking like they could actually make a purchase ... Anagrammy, board post 24th October 2012, ‘Impressions and Observations – City Creek Mall’
The Salt Lake City empire of corporate greed has little enough in common with the visions of Joseph Smith. The oligarchs of Salt Lake City, who sponsor Mr Romney, betray what ought to have been their own religious heritage. Though I read Christopher Hitchens with pleasure, his characterization of Joseph Smith as ‘a fraud and conjuror’ is inadequate. A superb trickster and protean personality, Smith was a religious genius, uniquely able to craft a story capable of turning a self-invented faith into a people now as numerous as the Jews, in America and abroad ...
Persuasively redefining Christianity has been a pastime through the ages, yet the American difference is brazen. What I call the American Religion, and by that I mean nearly all religions in this country, socially manifests itself as the Emancipation of Selfishness. Our Great Emancipator of Selfishness, President Ronald Reagan, refreshingly evaded the rhetoric of religion, but has been appropriated anyway as the archangel of American spiritualized greed. Harold Bloom, article The New York Times Sunday Review 12th November 2011, ‘Will this Election be the Mormon Breakthrough?’ viz The American Religion
I think kolobianism is an absolutely amazing business model. It’s a tax-exempt pyramid scheme masquerading as a religion that rakes in billions in revenue and has no financial accountability whatsoever. When it succeeds it is by the grace of an exalted man living in the star system Kolob. When it falters it is due to the lack of obedience/compliance of its membership to the corporate charter. There are a handful of white men getting rich off tithing revenue whose names we will never know because everyone is focused on the 15 sock-puppets at the top who can’t even change their own diapers, let alone make sound business decisions. kolobian, board post 31st October 2012, ‘What Do You Really Think of Mormonism?’
Complaint Urges IRS to Strip the Mormon Church of its Non-Profit Status After Reports of Tithing Mismanagement:
The former investment manager the Mormon Church’s investment division filed a complaint to the IRS alleging the Church of Jesus Christ of Latter-day Saints has stockpiled $100 billion intended for charitable purposes. The complaint, received November 21, claims LDS leaders not only mislead church members as to how they were using the money, but potentially deceived the IRS and breached federal tax regulations.
The Washington Post reported their findings after acquiring a copy of the complaint. The complaint was filed by David A. Nielson, a senior portfolio manager for the church’s investment division until September of this year. The 41-year-Mormon formerly worked at Ensign Peak Advisors, an LDS-sanctioned company located near the church’s headquarters. Abused in Mormonism online article 18 December 2019
San Francisco – California officials will investigate accusations that the Mormon Church neglected to report a battery of non-monetary contributions – including phone banks, a website and commercials – on behalf of a ballot to ban same-sex marriage. The New York Times 'Inquiry Set on Mormon Aid for California Marriage Vote, 25th November 2008'
A former investment manager alleges in a whistleblower complaint to the Internal Revenue Service that the Church of Jesus Christ of Latter-day Saints has amassed about $100 billion in accounts intended for charitable purposes, according to a copy of the complaint obtained by The Washington Post.
The confidential document, received by the IRS on November 21, accuses church leaders of misleading members – and possibly breaching federal tax rules – by stockpiling their surplus donations instead of using them for charitable works. It also accuses church leaders of using the tax-exempt donations to prop up a pair of businesses.
The church did not respond to detailed questions from The Post about the complaint and said in a statement Monday that it does not discuss specific financial transactions. On Tuesday, after the first version of this story was published, the church said it takes seriously its responsibility to care for members’ donations. Washington Post online article 17th December 2019, ‘Mormon Church Has Misled Members on $100 Billion Tax-Exempt Investment Fund, Whistleblower Alleges’
Once famous, or infamous, for its stance on polygamy, these days the Mormon church is better know for its earnest young missionaries who door-knock our suburbs promising enlightenment. 60 Minutes (Australia): Cooking the Book of Mormon, Channel 9 2022
Accusations of lightening the pockets of the Australian tax office by four hundred million dollars. The Church’s members claim very generous tax benefits. Iibid.
A religion that is actually run as a multinational corporation. ibid.
The Mormon Church isn’t the world’s biggest religion but it is one of the wealthiest. The Fifth Estate: The Mormon Church in Canada, CBC 2022
‘They are a business dabbling as a religion.’ ibid.
But has the Church built its wealth on the backs of taxpayers in Canada and around the world? ibid.
So how much money has the Canadian church given BYU? More than $1 billion. ibid.