Some recent posts on this site have really got me thinking. The Kingdom Halls are all paid for by their congregations - as are the assemblies and the conventions (none of it comes out of the WTBTS pocket). Every single assembly and convention I have ever been to there is always a surplus of money that is sent back to the Society. And the Society has recently pilfered the savings from local KHs.
The WTBTS has also sold off 10s of millions of dollars of its properties (over a 100 million by some estimates). And they are spending a fraction on printing and distribution of literature compared to 10 or even 5 years ago. The have also closed dozens of branches, greatly decreased their salaried work force, and even gotten rid of District Overseers.
All of this makes me realize the Society has very little in overhead costs. All their properties have been paid off for decades. What are they doing with all the money in donations, savings, and property sales that they are accumulating?
This makes me think one of two possibilities is likely.
They are planning on making a huge purchase in the next year or two. Though what that purchase could be I have no idea.
They really thought the end was going to happen last decade and have made bad financial decisions (coupled with the recession) and are now desperately trying to dig themselves out of a hole.
Maybe just my optimism is getting the better of me, but is it just possible the WTBTS is in worse shape than any of us realize? Five years ago I don’t think any of us thought the WTBTS foot print would shrink as much as it has ove the past couple of years. Maybe the Society is closer to bankruptcy than any of us realize. If they were, it would be just like them to keep on acting like everything is just fine.
Anyone have any thoughts on this?
P.S. I know the WTBTS makes it seem like they finance building KHs in third world countries but, everything I've researched thus far, shows even those JWs have to cover their own KH construction costs. And their choice of construction materials often reflect this.