Ministry Watch gives Paul and Jan Crouch's behemoth TV ministry an “F” for transparency, even as the Associated Press reported Thursday that TBN has watched its donations plummet by nearly $30 million from 2006 to 2010, with its net income of nearly $60 million falling to a loss of $18 million in the same period.
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.
I'll update the post when I hear back from Rusty Leonard, the founder of Matthews, N.C.-based Wall Watchers, the watchdog ministry behind ministrywatch.com. He's on the road today, likely kicking some financial transparency butt.