Pentecostal church given $660,000 in jobkeeper, then returns 3620% increase in profit

Wed, 15 Sep 2021 17:30:04 GMT 3

Pentecostal church given $660,000 in jobkeeper, then returns 3620% increase in profit


Hope Unlimited Church reported a profit of $43,355 in 2019, which increased dramatically to $1.6m in 2020 in part with government pandemic payments

A wealthy Pentecostal church was handed $660,000 in jobkeeper payments and later posted a 3620% increase in profit and a $1.2m increase in revenue.

Hope Unlimited Church, a global church that began on the New South Wales Central Coast, revealed in filings to the charity regulator that it posted a $1.6m profit last year while receiving $660,000 in jobkeeper payments.

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Source link for full text: https://www.theguardian.com/australia-news/2021/sep/16/pentecostal-church-given-660000-in-jobkeeper-then-returns-3620-increase-in-profit


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