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The finances of the Church of Jesus Christ of Latter-day Saints (LDS Church) are not a matter of public record. In the absence of official statements, people interested in knowing the LDS Church's financial status and behavior, including both members of the LDS Church and others, have attempted to estimate or guess. [2]
The Evangelical Council for Financial Accountability (ECFA) is an American financial standards association representing Evangelical Christian organizations and churches, which qualify for tax-exempt, nonprofit status and receive tax-deductible contributions.
Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form which is easy to understand.
Catholic Church in Australia: 23.25 Australia: Catholicism: Extrapolated figure from calculating assets and investments in the state of Victoria. [7] Seventh-day Adventist Church: 15.6 United States: Adventism: As of 1998. [8] Church of England: 13.84 United Kingdom: Anglican: Endowment funds. [9] Church of Sweden: 11.41 Sweden: Lutheran: FY2012.
An Evangelical Free church in Superior, Nebraska. The word Free in the Evangelical Free Church's name refers to its congregational polity, meaning each member church is autonomous, and to its history, meaning that the free churches were free from state control. [11] The governing body of the EFCA is the Leadership Conference held annually. [12]
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The word "Free" was suggested and adopted because the new church was to be an anti-slavery church (slavery was an issue in those days), because pews in the churches were to be free to all rather than sold or rented (as was common), and because the new church hoped for the freedom of the Holy Spirit in the services rather than a stifling formality.
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