The Inspiration Networks - Financials

Financials

Throughout most of the 1990s, the network did not ask for donations on the air, unlike many other religious TV stations. Instead, it generated revenue by selling advertising and airtime for programs produced by other ministries. In 1999, the network began soliciting donations from the public. That year, gifts were about $200,000. By 2008, they were about $40 million.

In 2007, the network's revenues were more than $69 million. Profits between 2002 and 2006 totaled $39 million.

In 2007, chief executive David Cerullo, Morris Cerullo's son, was paid more than $1.5 million, making him the best-paid leader of any religious charity tracked by watchdog groups.

His wife Barbara was paid $150,000 and their children Ben and Becky were also employed by the company;; Ben was paid more than $100,000 that year.

Cerullo and his wife Barbara are building a 12,000-square-foot (1,100 m2) home, valued between 2 and 4 million dollars, near Salem, South Carolina. Critics say the construction is inappropriate given the financial resources of the network.

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