vidiot: ... being "rich in assets" and being "flush with revenue flow" are not the same thing.
Especially when you are a charity.
We know that the WTS operates as a business. They always have.
But...for the purposes of appearing as a charity, their property/assets must not exceed what it has coming in and going out for charitable purposes. Charities must have cash flow. Selling real estate does not count as cash flow in a charity. That involves capital, not donations.
Donations are the defining feature of charities. Without donations - no charity.
And as far as closing Kingdom Halls go...that is likely to compensate for the big projects - to balance out for having too much property/assets sunk into Warwick.
*to add - if the WTS is having financial difficulties, where I think those difficulties lie is a reduction in large donations. ie...they have lost some major donations that they would usually get or were counting on. Big donors with big $$$ may have reduced or stopped donating. So the WTS has to target the little people to step up to the plate.