Pastor Joel Osteen’s Lakewood Church in Houston, Texas has an annual budget of around $90 million, and their last fiscal year’s financial statement reveals how they use the money.
During the fiscal year that ended March 31, 2017, the megachurch spent $31.7 million on its weekly services and programs, according to Houston Chronicle, which further says $6.7 million was spent on the church’s Night of Hope events, and $25.1 million on its television ministry.
For general and administrative expenses, the church used $11.5 million, and another $11.9 million for fundraising. And the remaining $1.2 million was spent on mission and outreach.
Lakewood is America’s largest church, attended by about 50,000 people a week at the former Compaq Center where the NBA Rockets once played, the Chronicle notes in another article. The broadcasts of its services…
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