Trinity Broadcasting Network suffered a severe decline in total revenue for the year 2012, according to the Form 990 it filed with the Internal Revenue Service.
According to the form for the 2012 calendar year TBN – legally registered as the Trinity Christian Center of Santa Ana, Inc. – had a total revenue of approximately $144 million. This contrasts with calendar year 2011, when they had a total revenue of about $176 million.
Meant as a form for nonprofits, Form 990 breaks down revenue into four categories: “Contributions and grants,” “Program service revenue,” “Investment income,” and “Other revenue.”
The sharpest declines between 2011 and 2012 were in the “Contributions and grants” and “Investment income” categories. For the former, TBN received approximately $95.6 million in 2011; for 2012, they received about $78.3 million, or a loss of about $17 million.
Under “Investment income,” TBN listed approximately $17.2 million in 2011, versus about $4.9 million in 2012, or a loss of about $12 million.
TBN’s Form 990 for 2012 also contrasted with its Form 990 for 2010. That year the Christian station reported a total revenue of approximately $175.5 million.
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SOURCE: The Christian Post
Michael Gryboski
BCNN1 WP 