Her salary was reported at $900,000 back in 2003, and she also enjoys use of a private jet and luxury cars. Meyer’s house is a 10,000 square foot home with an 8-car garage, a large fountain, a gazebo, a private putting green, a pool, and pool house with a new $10,000 bathroom. Joyce Meyer-Since 1999, Joyce Meyer’s ministry has spent at least $4 million on 5 homes for Meyer and her children. His lavish lifestyle was first exposed by Dateline NBC, and it’s now under investigation by the Senate.Ģ. Hinn owns a private jet, lives in a $10 million house near the Pacific Ocean, stays in hotel rooms that cost thousands each night, and owns luxury vehicles. His ministry collects more than $200 million a year, and he’s admitted to his salary being over half a million. While building his following, Hinn has earned quite a bit of money along the way. His television show airs in over 100 countries, and during his time as an evangelist, Hinn claims to have seen people get healed from cancer and crippling diseases, and he even says he has seen a dead man resurrected. Benny Hinn-Benny Hinn is known around the world for his large healing crusades. 6 wealthy preachers under investigationġ. –The IRS may then move forward with examining the church’s books and records. –The church may request a meeting with the IRS official to discuss concerns in person. –If the church doesn’t respond or the response is weak, the IRS sends second notice saying they will examine their books and records –The church may respond with a written explanation to address these concerns Reasonable belief is established, and the IRS contacts the church with a written notice explaining their concerns. The IRS may initiate a church tax inquiry if an appropriate high-level Treasury Department official has reasonable belief (based on written facts and circumstances) that the organization is in violation of its tax-exempt status. In other words, they need to have specific records of where all the money is going. –All tax-exempt organizations must maintain books of accounting to justify their claim for exemption in the event of an audit.
–They must not provide a substantial benefit to private interests –Churches net earnings may not inure to any private shareholder or individual Nonprofit guidelines for churchesīefore we talk about the preachers under federal investigation, let’s take a look at some of the laws applicable to churches and religious organizations.Īccording to the IRS tax guidelines for churches, there are several things a church can do to jeopardize its tax-exempt status. We’ve decided to present some of the most interesting financial data for each of these televangelists, so you can decide if you think these organizations are in violation. RELATED: Real-life con artists and their stories of duplicity
And 6 of the wealthiest televangelists have been the subject of Senate investigations to ensure they aren’t taking advantage of their nonprofit status. Of course, these preachers are heads over nonprofit, tax-exempt organizations, so whenever one of them starts to flaunt their wealth, the government is going to take notice. When you think of the mega-wealthy who rake in millions each year and live ridiculously lavish lifestyles, you probably don’t think about preachers.īut spreading the gospel has become a very profitable business for several well-known televangelists, affording them the opportunity to live in mansions, own private jets, take exotic trips, relax in hotel rooms that cost thousands per night, and even own second and third homes.
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