Unlike most churches, the LDS Church does not give out a financial statement, even to its own members. However, reporters have collected as much information as possible on the church's assets. Time Magazine gave the following details on Mormon finances:
"The church's material triumphs rival even its evangelical advances. With unusual cooperation from the Latter-day Saints hierarchy (which provided some financial figures and a rare look at church businesses), TIME has been able to quantify the church's extra-ordinary financial vibrancy. Its current assets total a minimum of $30 billion. If it were a corporation, its estimated $5.9 billion in annual gross income would place it midway through the FORTUNE 500, a little below Union Carbide and the Paine Webber Group but bigger than Nike and the Gap." (Time, August 4, 1997, p.52)
Tanner's Records *
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