A fresh audit report has revealed that five out of the hundreds of religious institutions in Kenya are now in the Kenya Revenue Authority's list of top taxpayers in the country.
The richest church raked in over KSh 1 billion in annual returns and went head-to-head with some of the biggest companies and organisations in the country in terms of taxable income generated annually.
The investments were understandably made possible by generous membership contributions including tithes and offerings.
Interestingly, the giant Catholic Church, which is believed to have the largest number of followers in the country, did not make it to the top five list.
1.Christ is The Answer Ministries
CITAM maintained its top spot after generating an annual income of KSh 1.83 billion in 2017, a 22% improvement from KSh 1.5 billion recorded in the previous year. The church reportedly has 15 branches across the country.
The Nairobi Chapel church raked in a total income of KSh 632.33 million in 2017, a significant jump from KSh 434.57 million reported in 2016.
3.All Saint's Cathedral
All Saint's Cathedral, the largest Anglican Church in Kenya, came third with a total income of KSh 240.91 million in 2017, an improvement from KSh 222.95 million in 2016.
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