I posted this comment on a parallel thread:
The lack of financial transparency was always one of the things that really bothered me about this religion.
Every congregation publicly reports their accounts every month, but "mother" keeps her's secret.
To which OrphanCrow responded:
The WTS' lack of transparency is why the Charity Intelligence Canada has given the Watchtower Society an "F" grade.
This got me thinking: That report by the CIC is most telling. A grade of "F" indeed!
I looked at the linked "Financial Statements." They are very opaque. There is really no way to tell from those statements how the monies are spent or what the assets are or how utilized.
I'm one guy, with
one job and a couple of relatively minor investments and my financial
statements are much more detailed than these nonsensical "statements."
They are really a joke.
It was interesting to note the $57 million (Canadian Dollars) "Deficiency of revenues over expenses." That's a lot of money to be hemorrhaging. Of course, it could all just be a paper loss moving money from one branch to the other.
Another interesting tidbit from this report.
It states that in the 2014 fiscal year, "The Society granted [$35,921,000] to 434 qualified donees in Canada."That's nearly $83,000 per "donee" on average. Just who are these people and what did they do to warrant getting such a large grant? That amount is surely much larger than the average JW earns annually.
Let's review: It's a cult!