Recent financial reports have just revealed that churches in Kenya
especially those based in Nairobi are raking in billions of shillings
every year.
The fact that these monies are un-taxed mean that the net sums every year for the churches are astonishing and even put to shame quite a number of medium sized companies to shame while the leading institutions can comfortably hold their own against the blue chip companies.
With a new law requiring the churches to be accountable and self
regulatory, a number of respected church institutions have just released
their financials. The top 4 churches easily topped the 2 billion mark.
Here are the figures of the top five churches in the past year 2015.
Christ Is The Answer Ministries- CITAM
With 15 branches across the country, one of the most organized churches in Kenya brought home 1.016 billion shillings last year. The church which also owns Hope FM had a huge chunk of that amount, 946 million coming in from offerings and tithes.
Nairobi Chapel
Nairobi Chapel comes in second with a collection of 440 million in total income. Its offerings and tithes contributed about half the amount at 212 million.
Mavuno Church
The church of choice for many young professionals and celebrities raked in a total income of 292 million shillings. Offerings and other forms of giving accounted to 201 million shillings.
All Saints Cathedral
The largest Anglican Church in the country and the center of several high profile engagements and parties comes in a distant fourth but still with a substantial amount at 190 million while collections from church members added up to 171.6 million.
Nairobi Baptist Church
The fifth church in the list has brings in about 163 million per year. Its members bring in 94.4 million in tithes and offerings.
Several large churches have yet to make their financial statements public including Jesus Is Alive Ministries, Jesus Celebration Center and Jubilee Christian Church.
The fact that these monies are un-taxed mean that the net sums every year for the churches are astonishing and even put to shame quite a number of medium sized companies to shame while the leading institutions can comfortably hold their own against the blue chip companies.
Christ Is The Answer Ministries- CITAM
With 15 branches across the country, one of the most organized churches in Kenya brought home 1.016 billion shillings last year. The church which also owns Hope FM had a huge chunk of that amount, 946 million coming in from offerings and tithes.
Nairobi Chapel
Nairobi Chapel comes in second with a collection of 440 million in total income. Its offerings and tithes contributed about half the amount at 212 million.
Mavuno Church
The church of choice for many young professionals and celebrities raked in a total income of 292 million shillings. Offerings and other forms of giving accounted to 201 million shillings.
All Saints Cathedral
The largest Anglican Church in the country and the center of several high profile engagements and parties comes in a distant fourth but still with a substantial amount at 190 million while collections from church members added up to 171.6 million.
Nairobi Baptist Church
The fifth church in the list has brings in about 163 million per year. Its members bring in 94.4 million in tithes and offerings.
Several large churches have yet to make their financial statements public including Jesus Is Alive Ministries, Jesus Celebration Center and Jubilee Christian Church.
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