Other are in trouble for not filing a 990T form for “unrelated businesses,” such as Church suppers, paying entertainers, tour trips, etc.
Then there are the “huge profits” reported by so-called non-profits. Trinity Broadcasting Network reported $309,823,491 invested in 2008. Joyce Meyer Ministries reported $30,877,925 in accumulated depreciation in its 2009 financial statement.
“Senator Charles Grassley, the former ranking Republican on the Senate Finance Committee, has been poking and prodding around in religious financial fraud for five years. He reports the “investigation revealed how televangelists exploit love offerings and housing allowances as nontaxable income and operate companies from their churches.”