This is a sort-of-followup to my previous thread on "WT as Sally Mae" and the KH remodeling thread.
We all know that the WT must have a lot of money. My big issue is, where does the money go, and whom does it benefit?
So, my naive questions:
1) Since the WT is a non-profit organization, aren't they subject to some kind of regular reporting and/or auditing so that the government knows there is nothing funny going on? I spent a little time on the IRS website, and it is likely that the WTBTS is registered as a 501c (non-profit). These do have to file returns, EXCEPT for religious organizations/churches. Nice loophole.
OK, so I decide to form the church of GCC. Our beliefs are sincere and clearly held (an IRS stipulation), we bought land dirt cheap and pay no taxes on it, and after improving it using volunteer labor, we sell it for a huge profit. None of this is taxable? Now, suppose I decide to funnel out 2 or 3 million bucks for my own personal use, without anyone at my church knowing about it. No one knows about this?
I'm sure someone would have discovered a way into the WTBTS' financial inner sanctum by now if one existed, but I just had to ask.
What do other churches do? For example, the Catholic Church is rumored to have massive holdings. They don't get audited either?
2) Has anyone actually tried going to Brooklyn or writing and saying "Hi, I've been contributing to your work for years now, I'd like to examine your financial records and make sure my money is being put to good use". (OK, this one was a stretch).