Pastor Joel Osteen’s Lakewood Church in Houston, Texas has an annual budget of around $90 million, and their last fiscal year’s financial statement reveals how they use the money. During the fiscal year that ended March 31, 2017, the megachurch spent $31.7 million on its weekly services and programs, according to Houston Chronicle, which further says $6.7 million was spent on the church’s Night of Hope events, and $25.1 million on its television ministry. For general and administrative expenses, the church used $11.5 million, and another $11.9 million for fundraising. And the remaining
$1.2 million was spent on mission and outreach. Lakewood is America’s largest church, attended by about 50,000 people a week at the former Compaq Center where the NBA Rockets once played, the Chronicle notes in another article. The broadcasts of its services reach an estimated 10 million U.S. viewers weekly. Its roving monthly Night of Hope events fill stadiums across the country at $15 a ticket. On Facebook and Twitter, Osteen has 28 million followers. His 10 books, self-help manuals, have sold more than 8.5 million printed copies in the United States alone. READ MORE
Doing it for book sales is still doong it for money.