{"id":1768,"date":"2009-06-05T05:08:13","date_gmt":"2009-06-05T13:08:13","guid":{"rendered":"http:\/\/www.cogwriter.com\/news\/?p=1768"},"modified":"2009-06-05T05:08:13","modified_gmt":"2009-06-05T13:08:13","slug":"lcg-financial-reports","status":"publish","type":"post","link":"https:\/\/www.cogwriter.com\/news\/cog-news\/lcg-financial-reports\/","title":{"rendered":"LCG Financial Reports"},"content":{"rendered":"

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\nCOGwriter in Philadelphia in Asia Minor<\/em><\/p>\n

COGwriter<\/a><\/p>\n

The Living Church of God<\/a> recently published its audited financial statements for 2008.<\/p>\n

The statements show an increase in total American revenues of 11,887,020 for 2007 to 13,516,604 for 2008.\u00a0 An increase of over 11%.<\/p>\n

As many have asked me about how LCG differs from UCG<\/a>, a comparison of how they spend their income, in my view, helps answer a lot of questions.<\/p>\n

Brief Financial Comparison<\/span><\/strong> of US Income <\/strong><\/span>(Both Based on Audited Statements)<\/p>\n

For its fiscal year ending 6\/30\/08 UCG grossed $23,927,074. It spent 5,734,800 (24.0%) for \u2018public proclamation\u2019; it spent 4,228,695 for managing its meetings and \u2018home office\u2019 (17.7%); and 13,375,144 (55.9%) for the field ministry\/local churches\/FOT\/International support, and increased reserves by 590,435.\u00a0 For its fiscal year ending 12\/31\/08 LCG grossed 13,516,604 and spent 6,204,853 on public proclamation, 900,217 on HQ administration, 5,833,128 to \u2018feed the flock\u2019 (including Living University) and increased reserves by 525,645.<\/p>\n

If you gave $100.00 to the United Church of God or the Living Church of God, here is where your money went:<\/p>\n

.......................................United Church of God....Living Church of God<\/pre>\n
1st Commission to Proclaim the Gospel to the World....$23.97........$43.53\r\n2nd Commission to Feed the Flock (and Field Ministry)..55.90.........45.92\r\nHeadquarters\/Home Office...............................17.67..........6.66\r\nChange in Reserves......................................2.46..........3.89\r\nTotal................................................$100.00.......$100.00<\/pre>\n
Jesus taught:<\/p>\n
For where your treasure is, there your heart will be also (Mattew 6:21).<\/p>\n
I went with LCG because of Gospel proclamation emphasis and biblical church governance. It is interesting that UCG spent almost 3 times as high a percentage on governance than LCG does (and over 4 times as much in actual cash, UCG spent $4,226,695 vs. LCG\u2019s 900,217).<\/p>\n
Which form of governance is more cost-effective? Which form places the higher priority on proclaiming the Gospel?<\/p>\n
With about half the income, LCG spends more in actual cash as UCG does to proclaim the Gospel.\u00a0 LCG also reaches several times as many people over television than UCG does (actually, in the past 5 months alone LCG has reached about as many people on television as UCG has since it began in 1995).\u00a0 LCG also produces twice the number of magazines (Tomorrow\u2019s World vs. Good News) on a per member basis than UCG does.<\/p>\n
\u201cHe who has ears to hear, let him hear.\u201d<\/p>\n
Some articles of related interest may include:<\/em><\/p>\n
There are Many COGs: Why Support the Living Church of God?<\/a> This is an article for those who wish to easily sort out the different COGs. It really should be a MUST READ for current and former WCG members or any interested in supporting the faithful church. It also explains a lot of what the COGs are all about.
\nDifferences between the Living Church of God and United Church of God<\/a> This article provides quotes information from the two largest groups which had their origins in WCG as well as commentary.
\nPolycarp, Herbert W. Armstrong, and Roderick C. Meredith on Church Government<\/a> What form of governance did the early church have? Which form of governance would one expect to have in the Philadelphia remnant? The people decide and\/or committee forms, odd dictatorships, or the same type that the Philadelphia era itself had?
\nShould the Church Still Try to Place its Top Priority on Proclaiming the Gospel or Did Herbert W. Armstrong Change that Priority for the Work?<\/a> Some say the Church should mainly feed the flock now as that is what Herbert W. Armstrong reportedly said. Is that what he said? Is that what the Bible says? What did Paul<\/a> and Herbert W. Armstrong<\/a> expect from evangelists?
\nThe Philadelphia Church Era<\/a> was predominant circa 1933 A.D. to 1986 A.D. The old Radio Church of God and old Worldwide Church of God, now basically the Living Church of God.
\n The Laodicean Church Era <\/a>was predominant circa 1986 A.D. to present. Non-Philadelphians who mainly descended from the old WCG.<\/p>\n
(Note: I would have published this information earlier, but until yesterday, I was in Rome.\u00a0 I plan to post some information on our latest trip to Italy and the Vatican in the upcoming weeks.)<\/p>\n","protected":false},"excerpt":{"rendered":"
COGwriter in Philadelphia in Asia Minor COGwriter The Living Church of God recently published its audited financial statements for 2008. The statements show an increase in total American revenues of 11,887,020 for 2007 to 13,516,604 for 2008.\u00a0 An increase of over 11%. As many have asked me about how LCG differs from UCG, a comparison […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1768","post","type-post","status-publish","format-standard","hentry","category-cog-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t