Demographics continued to play a significant role in the Church’s finances in 2017, with many of our older members moving into retirement. However, we were very pleased to see a growing number of young families and new attendees adding to the attendance of our local churches in the United States. The international Work continues to grow, especially in Central and South America.
The Church continues to evaluate and cut underperforming programs and media outlets in order to replace them with new opportunities to preach the Gospel.
As in previous years, the Church allocates the bulk of its resources to preaching the Gospel (38 percent) and feeding the flock (55 percent). Administrative costs were kept at a very low seven percent of expenditures.
The Church entered 2018 on a good financial footing and looks forward to a successful year for God’s Work. As in previous years, the Church was audited by the accounting firm, Cherry Bekaert, and the full 2017 audited statement (with notes) is available at www.lcg.org. To read it, click on About Us, then on Living Church of God: 2017 Consolidated Financial Statements.