profit?

by DIM 24 years ago 8 Replies latest 24 years ago jw friends

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  DIM 24 years ago

  at first i was shocked to see the WTS has a revenue of $950 million dollars USD. But this really doesn't mean anything unless somebody can show me what their profit is.

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  nytelecom1 24 years ago

  do you mean the limos and private jets ??..the mansion in
  a secluded island?

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  DIM 24 years ago

  yeah, along those lines i suppose. Something, maybe a link, that lists their net worth. not just revenue.

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  nytelecom1 24 years ago

  there arent any limos, private jets and mansions..

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  larc 24 years ago

  NYT,

  Although I am no longer a Witness, I agree with you. I think the assertions regarding the luxury of the JW upper class are greatly exagerated. I think the GB and their associates are comfortable, but not living like royalty. I think Rutherford did, but that era came to an end when Knorr became president. He was an austere man by contrast to Rutherford.

  I think that an assessment of their total assets is misleading as well. Most of their assets are tied up in physical plant, and is not liquid.

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  DIM 24 years ago

  thanks for twisting my intentions around NYTelecom1. what an example you are. I thought the WTS was a non profit organization, so i was curious as to how much money they have after calculating their expenses and stuff. thats all.

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  larc 24 years ago

  DIM,

  Your question has been asked before and it can not be answered. The data is not available.

  Nonprofit organizations can make money, but they can't distribute it to others. They certainly can build up cash reserves for plant expansion or as a safe guard agianst an unforeseen emergency.

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  NeonMadman 24 years ago

  When it comes to the Watchtower, you have to think in terms of false profit...

  <Sorry>

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  MacHislopp 24 years ago

  Hello Iarc,

  when I read your comment I thought

  about Jesus words: "For you have the poor always with

  you, but me you will not have always."

  Where do all those multimillions dollars WTS

  corporations fits into all this?

  Can we explain to the poor under developped nations?

  Do they know these facts?

  Greetings, J.C.MacHislopp

  " One who has an accurate knowledge
  of God's Word will have no problem
  in refuting false religious ideas".

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