Tuesday, September 27, 2022

Nairobi’s CITAM church makes Sh. 1.6 billion from tithe in 12 months

Christ is the Answer Ministries (CITAM) made a staggering Sh. 1.6 billion from tithes in the year ended December 2021.

This saw the church group raise Sh. 2.53 billion income, which was an increase from the Sh. 1.96 that was recorded in the same period the previous year.

Tithes from church members stood at some Sh. 1.57 billion which accounted for 62.1 per cent of the total income. The tithe given to the church increased by Sh. 203 million from Sh. 1.45 billion that was realized in the year 2020.

Multi-billion businesses you didn’t know are owned by Ruto

At the same time, CITAM made Sh. 121 million from fundraising and donations, Sh. 6.2 million from rental houses, Sh. 26.5 million from interest on investments, and Sh. 9.9 million from departmental works.

Outreach ministries under CITAM made Sh. 220 million while special projects brought in Sh. 685 million.

In the year under review, the CITAM branches brought in money as follows:

CITAM head office (Sh. 110.3 million), CITAM Valley Road (Sh. 335.3 million), CITAM Woodley (Sh. 157.9 million), CITAM Thika Road (Sh. 96.9 million), CITAM Clay City (Sh. 27.2 million), CITAM Thika Town (Sh. 47.8 million), CITAM Parklands (Sh. 54.9 million), CITAM Meru (Sh. 8.3 million), CITAM Nyeri (Sh. 11.2 million), CITAM Kikuyu (Sh. 31.8 million) and CITAM Kiambu Road (Sh. 33.1 million).

CITAM Buruburu (Sh. 101.3 million), CITAM Karen (Sh. 124.8 million), CITAM Ngong (Sh. 67.5 million), Athi River (Sh. 48.2 million), Rongai (Sh. 30.8 million), Embakasi (Sh. 43.9 million), Kangundo Road (Sh. 15.6 million), Kitengela (Sh. 35.8 million), Mombasa (Sh. 22.2 million), Southern Region’s headquarters (Sh. 67.1 million)

CITAM Kisumu (Sh. 30.5 million), Eldoret (Sh. 22.1 million), Kapsabet (Sh. 3.8 million), Nakuru (Sh. 34 million), Kisii (Sh. 8.1 million), Naivasha (Sh. 6.9 million) and regional head office (Sh. 14.4 million).

CITAM USA (Sh. 18.5 million), CITAM Romania (Sh. 3.7 million) and the international assemblies’ head office (Sh. 3.1 million).

The income generated by the church indicates that CITAM is now outperforming a number of corporate businesses that have been on the Nairobi Securities Exchange.

 

Did you love the story? You can also share YOUR story and get it published on Bizna Click here to get started.

Connect With Us

283,591FansLike
13,557FollowersFollow
7,799FollowersFollow
1,360SubscribersSubscribe

Latest

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related

error: Content is protected !!