SHOCK DOX: Scientology's 2011 book value for just two of its entities is $1.2 billion - 2014-04-07
The Underground Bunker has copies of some stunning documents that were just released by our old friend, Jeff "OTVIIIisgrrr8!" Augustine. They are 990-T returns for the 2011 tax year submitted by the Church of Scientology International and the Church of Spiritual Technology, and they show that CSI and CST — which are just two of Scientology's many entities — have a combined book value of $1.2 billion.
Since 1993, Scientology has had tax-exempt status, and your tax dollars — your IRS — has helped the church amass huge wealth. Scientology puts constant pressure on its members to donate huge amounts, it pays its workers pennies an hour because it is exempt from labor laws, and the result are these incredible amounts.
SEE UPDATES below for explanations of the revenue figures in these documents and for a statement by Mike Rinder, Scientology's former spokesman.