Yawn: Mormon church earns $7 billion a year from tithing, analysis indicates

 

Nothing says “unimpressive” like learning that the Mormon church rakes in $7 billion a year.

That’s how much the Catholic church brings in from interest … in a day.

From NBC online:

Relying heavily on church records in countries that require far more disclosure than the United States, Cragun and Reuters estimate that the Church of Jesus Christ of Latter-day Saints brings in some $7 billion annually in tithes and other donations.

It owns about $35 billion worth of temples and meeting houses around the world, and controls farms, ranches, shopping malls and other commercial ventures worth many billions more.

The church claims 14 million members around the world, more than half outside the United States. All are supposed to tithe, or give 10 percent, of their income, which Mormons frequently interpret as pre-tax earnings. But only about 40 percent of Mormons counted by the church actually attend weekly services in the United States and Canada, and in many countries, including Mexico and Brazil, only a quarter of nominal members are active, according to Cumorah, an independent research group headed by a devoted, active Mormon.

 

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