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Charity Officials Are Increasingly Receiving Million-Dollar Paydays

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  • Charity Officials Are Increasingly Receiving Million-Dollar Paydays

    Charities are becoming a lot more generous with pay at the top.

    The tax-exempt organizations, which include many hospitals and colleges as well as traditional charities such as the United Way, provided seven-figure compensation to roughly 2,700 employees in 2014, an analysis of newly available data shows.

    The total is higher by a third than in 2011, The Wall Street Journal found, after analyzing about 100,000 organizations that filed electronic returns with the Internal Revenue Service all four years.

    While many of the big earners ran large enterprises, others were leaders of small charities, such as a couple who run an online ministry. Together, their $4 million in compensation equaled nearly half of the ministry’s revenue.

    A broad picture of pay at charities, which are spared from taxation because of their stated missions related to public service, was hard to discern until recently. Last year, for the first time, the IRS made available nonprofit returns in a computerized format.
    https://www.wsj.com/articles/charity...ays-1488754532
    I posted this article because Hal Lindsey and his wife are mentioned in it. The article is from March 2017, but the amount of money Lindsey and his wife have received from their "non-profit" ministry is very disturbing to me - half of what the ministry took in was paid out in salaries and bonuses to the Lindseys.

  • #2
    I'm including the specific quote from the WSJ article because the weblink takes you to a page where you have to be a subscriber to see it in its entirety. You can google the article title and find it in its entirety, but for those who don't want to go to that much trouble, here's the quote:

    ... The leaders of one small ministry earned several times that. Hal Lindsey and his wife, JoLynn, operate Hal Lindsey Website Ministries, a Texas-based evangelical group. Mr. Lindsey hosts the “Hal Lindsey Report,” available online and on Christian television networks, and is the author of books on current events and prophecy.

    The charity’s revenue in 2014, which came almost solely from contributions, was $8.1 million. The ministry paid Mr. Lindsey $2.2 million and his wife $1.8 million. For each, this included a $1.5 million bonus.

    Mr. Lindsey, 87 years old, and his wife, 62, declined to be interviewed. In a written statement, Mr. Lindsey said the bonuses were approved by the board and intended as one-time retirement benefits. He said he worked many years for little or no compensation.

    The ministry’s IRS filings show it paid Mr. Lindsey less than $50,000 during most years in the early 2000s but paid him and his wife a total of more than $7.8 million from 2007 through 2014.

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