CREFLO DOLLAR MINISTRIES
Promotion of the gospel of Jesus Christ
Objects
TO PROMOTE THE GOSPEL OF JESUS CHRIST TO THOSE IN ANY PART OF THE WORLD WHO HAVE NOT RECEIVED IT, AND TO ESTABLISH, ADVANCE AND PROMOTE THE GOSPEL AND DOCTRINE AMONG CHRISTIAN BELIEVERS, ACCORDING TO THE STATEMENT OF FAITH ANNEXED.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £43,182 for the year ended 31 December 2024, resulting in total funds decreasing to £82,899 from £126,081 the previous year. The trustees confirm that unrestricted free reserves of £46,883 are sufficient to meet their policy target of at least £50,000, and they believe there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The current amount held as unrestricted free reserves is £46,883 which takes account of the charity's fixed assets, is sufficient.” — page 7
“One director has been paid for a salary of £35,000 (2023: £20,417) for additional organisational duties not linked to being a trustee.” — page 18
Policies the charity declares
- Complaints handling
- Conflicting interests
- Paying staff
- Risk management
- Safeguarding vulnerable beneficiaries
- Volunteer management
Corporate structure
- Registered company of the charity Companies House 03335837
Company officers (Companies House)
- OLATUNDUN, Olusola on trustee list
- HARRISON, Vernon Ricardo on trustee list
- CHOI, Yang Kyu on trustee list
- DANQUAH, Aaron Boakye, Reverend on trustee list
- BRUUS, Naomi, Minister on trustee list
Trustees
- Minister Naomi Bruus
- Olusola Olatundun
- Pastor Aaron Danquah
- Vernon Harrison
- Yang Kyu Choi
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £150k | £194k |
| 31/12/2023 | £173k | £217k |
| 31/12/2022 | £217k | £188k |
| 31/12/2021 | £217k | £188k |
| 31/12/2020 | £236k | £156k |
Common questions
Is CREFLO DOLLAR MINISTRIES financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £43,182 for the year ended 31 December 2024, resulting in total funds decreasing to £82,899 from £126,081 the previous year. The trustees confirm that unrestricted free reserves of £46,883 are sufficient to meet their policy target of at least £50,000, and they believe there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| The Warehouse Church UK | 1 | £1k |
Charities like this
- THE NEW LIFE IN CHRIST MINISTRY
- OUR JESUS LIVES MINISTRIES
- KENNETH COPELAND MINISTRIES
- FREE BELIEVERS IN CHRIST FELLOWSHIP
- CHRISTS TEMPLE OF RESURRECTION MINISTRIES TRUST
- DESTINY CHRISTIAN CENTRE MINISTRIES
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| CREFLO DOLLAR MINISTRIES | £150k | — | 0 | below | — | no doubt |
| THE NEW LIFE IN CHRIST MINISTRY | £371k | — | 0 | below | — | no doubt |
| OUR JESUS LIVES MINISTRIES | £123k | — | 0 | unclear | — | no doubt |
| KENNETH COPELAND MINISTRIES | £1.6m | £70,001 - £80,000 | — | above | — | no doubt |
| FREE BELIEVERS IN CHRIST FELLOWSHIP | £214k | — | 0 | unclear | — | no doubt |
| CHRISTS TEMPLE OF RESURRECTION MINISTRIES TRUST | £212k | — | 0 | unclear | — | no doubt |