22/12/2025
It's just a money making business. Ta ora pa cuminsa cobra belasting riba misanan na Aruba tambe.
Elevation Church Reports Over $366 Million in Assets, Including Nearly $200 Million Investment Portfolio
A newly released consolidated financial statement from Elevation Church in Charlotte, North Carolina, has provided a rare, detailed look inside the finances of one of America's largest megachurches.
Led by Pastor Steven Furtick, the 17,000-member multisite church reported $366 million in total assets for 2024. Among the most notable figures is a substantial investment portfolio valued at nearly $200 million.
A Year of Slightly Lower Giving, Significant Reserves
The financial report shows that while Elevation remains a financial powerhouse, tithes and offerings saw a slight dip:
-Total Tithes & Offerings: $101.36 million (down nearly $7 million from the prior year).
-This includes $10 million from a year-end giving push, a common practice Furtick employs to "firm up the books."
-Cash & Cash Equivalents: $45.7 million on hand.
-Total Assets: $366 million.
The $200 Million Question: A "Level 3" Investment Strategy
The report dedicates significant detail to explaining the church's $199.7 million investment portfolio. Church leadership states they invest cash "not immediately needed for operations" for "long-term purposes" and "capital appreciation."
A notable portion is classified as "Level 3" investments. According to the statement, these are alternative investments where the "fair value is based on unobservable inputs supported by little or no market activity." The church states this strategy assists in "diversifying its portfolio and reducing risks."
Context and Controversy
Elevation Church, unlike most large congregations, voluntarily releases these detailed financial statements. The disclosure comes amid ongoing scrutiny of Pastor Steven Furtick's leadership style, which critics have labeled with the term "narcegesis" (narcissistic exegesis), alleging a self-centered approach to interpreting scripture.
The church was also recently the subject of reports accusing it of using geofencing technology to target members of smaller, local churches with ads for Elevation services as soon as they entered their own church's parking lot.
The financial report underscores the immense scale of modern megachurch operations, where ministry, media, and sophisticated financial management intersect.