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A comment on The IRS has granted nonprofit status to a daily newspaper. Parent comment

Re:The IRS has granted nonprofit status to a daily newspaper by alistairSH on Tuesday November 05, 2019 @03:47PM (#21456509)
The Vatican owns ~15% of the value listed on Italian stock exchanges and somewhere north of $10 billion (US) in total wealth. That's just the vatican - the largest regional subsidiaries are worth more (Catholic Church Germany is about $25 billion).

LDS has somewhere around $65 billion in wealth.

International religious organizations are absolutely businesses. Profit may not be their primary purpose, but they have their fingers in all sorts of business-like enterprises - real estate, stocks, etc.

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Re:The IRS has granted nonprofit status to a daily newspaper by pigscantfly on Tuesday November 05, 2019 @04:06PM (#21456700)
Do you have any sources for these numbers? They seem low given the value of works of art and real estate held by the church; I'm just curious what the $10B USD figure includes.
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Re:The IRS has granted nonprofit status to a daily newspaper by ebiester on Tuesday November 05, 2019 @05:01PM (#21457205)
That seems low given the amount of property they control and their international foothold, along with the amount of time they have had to acquire their wealth.
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Re:The IRS has granted nonprofit status to a daily newspaper by alistairSH on Wednesday November 06, 2019 @01:11PM (#21465195)
Shame on me... I didn't check the date on the source - the Vatican number was taken from a Time Magazine article from 1965. I came up near the top of the Google results and it never crossed my mind that Time published articles that far back.
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Re:The IRS has granted nonprofit status to a daily newspaper by cicero on Tuesday November 05, 2019 @04:44PM (#21457055)
Regardless of the size of the assets of these organizations, the parent's point is still valid that their success should not be measured in $s. So the Vatican has $10B in wealth, does that mean that they are successfully leading people to heaven? I say these numbers have little to do with what the Vatican exists for. If anyone in the Vatican thinks otherwise, I would say their priorities are off. (I speak about the Vatican rather than the LDS church because I know more about it, being Catholic myself.)
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