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View Diary: It's Time to Tax The Churches (72 comments)

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  •  You seem to misunderstand "profit." (0+ / 0-)
    We don't necessarily know where church profits go because unlike businesses and secular non-profits, churches are not required to file financial disclosure statements.
    That's not my point; my point is that in a for-profit business, when revenues exceed expenses, those profits are either given to the business's owners in the form of a dividend or reinvested in the business in order to increase the value of the owners' stock in the business. The profits of a for-profit business go to its owners.

    Churches don't have stockholders seeking to increase their stock value from the church, but rather exist in and of themselves as entities. That makes them unlike for-profit businesses, and more like other nonprofit organizations.

    I would expect church profits probably go into things like improvements, investments, bonuses, political advocacy, etc., just like other businesses.
    In my 33+ years in churches of all denominations, I've never seen a church actually turn a "profit"; every church budgeting process I've been involved in has aimed for a net zero balance, where income and expenses come out even. On the occasions that more income comes in than budgeted, that's tended to go into rainy-day savings (for the years when we have less income than budgeted) or be spent on a worthy cause that we really wanted to fund but couldn't in the budget.

    "When I give food to the poor, they call me a saint. When I ask why the poor have no food, they call me a communist." --Dom Helder Camara, archbishop of Recife

    by JamesGG on Tue Feb 12, 2013 at 05:56:56 AM PST

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