Good blog post originally taken from http://www.wcnc.com/news/topstories/stories/wcnc-112608-mw-inspiration_network.63a23b6.html -
which is now a dead link but the blog has the article copied
Also there is an organization that keeps tabs on ministries and their financial integrity or lack there of...
They have a list there of 30 "shining light" ministries and 30 "donor alert" ministries.
They examine the following criteria:
Transparency, Truth Claims, Values, Sectors/Functions, Resourcefulness, Red Flag Issues, Consultation
Wall Watcher’s website, www.ministrywatch.com, analyzes and grades the ministries according to financial transparency or openness.
“I believe that financial integrity and accountability is extremely important,” said Franklin Graham, president of the Billy Graham Evangelistic Association.
Ministry Watch gives the Billy Graham Evangelistic Association an “A” for financial transparency.
“My father for years, long before it was ever suggested, he told his board, ‘I want to be audited by an outside auditing firm. I want to make that audit public and we’ll let the world know how we’ve used the money,’” Franklin Graham said.
There’s a lot of money coming in to the Inspiration Network — $56 million in 2006. In a four-year period, $39 million in profit.
“Our concern is their donors don’t know where their money is going,” Smith said.
The gospel of prosperity has been a goldmine for Inspiration CEO David Cerullo. His salary in 2006 was $1.6 million.
“It’s certainly out of bounds of what we see as best practice within the ministry world,” Smith said.
Cerullo and his wife, Barbara, live in a gated neighborhood in south Charlotte. Their 8,200-square-foot home, with a pool and elevator, can be seen from the air, valued at more than $1.6 million.
Unfortunately, there are a lot of prosperity preachers out there and they are nothing but wolves in sheep's clothing.
"We treat God like a slot machine, yanking on the prayer cable hoping that the triple 7's will appear," writes Karen Spears Zacharias.
Author Karen Spears Zacharias believes Christians have been paying good
money for a false doctrine—the Cash and Cadillac Gospel. With humor and
wit in Will Jesus Buy Me a Double-Wide?, Zacharias unpacks story after
story of those who use the name of God as a means to living their own
“good life,” as well as some unlikely folks whose genuine faith has led
them to a different understanding of wealth.
“I have been a ‘have’ and a ‘have-not’ in my life. I have found in my
walk with the Lord, as Karen illustrates so well in these beautiful
stories, that the riches he desires for us have nothing to do with
money. I love a writer that’s not afraid to walk with real people and
speak the truth of their lives. Keep shining your light Karen!” — Jeff Foxworthy