Analysis of information sources in references of the Wikipedia article "Finances of the Church of Jesus Christ of Latter-day Saints" in English language version.
{{cite web}}: CS1 maint: archived copy as title (link). Accessed 16 May 2007.{{cite web}}: CS1 maint: archived copy as title (link). Accessed 16 May 2007.A recent magazine article praised us as a well-run financial institution of great wealth. It grossly exaggerated the figures.
In 1915, though, and continuing until 1959, the Church made an annual public disclosure of its finances. As part of the annual April General Conference, somebody—often the president of the Church or one of his counselors—would inform the assembled congregation of how much money the Church had spent in a variety of categories. In 1959, in the wake of significant deficit spending by the Church and of massive investment losses, the Church ended its detailed public financial disclosure, and instead limited its financial disclosure to the Auditing Department report. As a result of its silence about the details of its finances, members, critics, and the interested public have been left to guess at the Church's wealth and the scope of its charitable spending, among other things.
In 1915, though, and continuing until 1959, the Church made an annual public disclosure of its finances. As part of the annual April General Conference, somebody—often the president of the Church or one of his counselors—would inform the assembled congregation of how much money the Church had spent in a variety of categories. In 1959, in the wake of significant deficit spending by the Church and of massive investment losses, the Church ended its detailed public financial disclosure, and instead limited its financial disclosure to the Auditing Department report. As a result of its silence about the details of its finances, members, critics, and the interested public have been left to guess at the Church's wealth and the scope of its charitable spending, among other things.
{{cite journal}}: Cite journal requires |journal= (help)In 1915, though, and continuing until 1959, the Church made an annual public disclosure of its finances. As part of the annual April General Conference, somebody—often the president of the Church or one of his counselors—would inform the assembled congregation of how much money the Church had spent in a variety of categories. In 1959, in the wake of significant deficit spending by the Church and of massive investment losses, the Church ended its detailed public financial disclosure, and instead limited its financial disclosure to the Auditing Department report. As a result of its silence about the details of its finances, members, critics, and the interested public have been left to guess at the Church's wealth and the scope of its charitable spending, among other things.
With unusual cooperation from the Latter-day Saints hierarchy (which provided some financial figures and a rare look at LDS church businesses), TIME has been able to quantify the church's extraordinary financial vibrancy. Its current assets total a minimum of $30 billion.
With unusual cooperation from the Latter-day Saints hierarchy (which provided some financial figures and a rare look at LDS church businesses), TIME has been able to quantify the church's extraordinary financial vibrancy. Its current assets total a minimum of $30 billion.
In 1915, though, and continuing until 1959, the Church made an annual public disclosure of its finances. As part of the annual April General Conference, somebody—often the president of the Church or one of his counselors—would inform the assembled congregation of how much money the Church had spent in a variety of categories. In 1959, in the wake of significant deficit spending by the Church and of massive investment losses, the Church ended its detailed public financial disclosure, and instead limited its financial disclosure to the Auditing Department report. As a result of its silence about the details of its finances, members, critics, and the interested public have been left to guess at the Church's wealth and the scope of its charitable spending, among other things.
{{cite web}}: CS1 maint: archived copy as title (link). Accessed 16 May 2007.{{cite web}}: CS1 maint: archived copy as title (link). Accessed 16 May 2007.