TBN Reports $30 Million Loss of Revenues in 2012
Trinity Broadcasting Network has fallen on hard times, with revenue falling almost $30 million dollars in 2012 alone.
According to a Form 990 filed with the Internal Revenue Service, the network—whose influential founder Paul Crouch passed way in November 2013—saw massive nosedives in income between 2011 and 2012.
In 2011, the network reported $95.6 million in "Contributions and grants," while in 2012 they only received about $78.3 million. Under "Investment income," 2011's reported $17.2 million shrank to merely $4.9 million—totaling their losses in these two categories alone to about $29.6 million.
Why the decline? While still reeling from the death of Crouch, TBN is also embroiled in a million-plus dollar lawsuit with Crouch's granddaughter, Brittany Koper, in which Koper released stunning allegations of unethical financial practices. TBN denied the allegations, and the lawsuit was thrown out.
TBN has also weathered criticism against Paul and Janice Crouch's indulgent lifestyle, whose two salaries together equaled a stunning $765,000 in 2010.
TBN's website refers to the network as "world's largest religious network and America's most watched faith channel."
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Bill Graham, America's wolf pastor who believes that muslims and Hindus are all going to heaven |
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Dr .Myles Munroe’s Uganda tour to Uganda: An exposition of the ecumenical and apostate state of the Ugandan Church
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Late Paul Crouch who believed in the Papacy |
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Late Oral Robers, famous for fleecing the flock |
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When Pentecostals enter the bottomless pit of ecumenical blindness : Hill Song Church Pastor , Brian Houston says “the Muslim and you, we actually serve the same God”. Can you Imagine!!
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Apostate Pastor John Hagee |