CREFLO DOLLAR MINISTRIES
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
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?
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 |