Irish Church of Scientology revenues drop by 60%

REVENUES HAVE plummeted at the Irish branch of the controversial Church of Scientology, which remains deep in the red.

Membership of the worldwide church, established in 1954, includes movie stars such as Tom Cruise and John Travolta.

However, documents show that interest-free loans from abroad are propping up the Irish branch, which is more than €688,000 in the red in its latest accounts.

According to financial documents lodged by the Church of Scientology Mission of Dublin Ltd, the company’s revenues more than halved from €484,070 to €193,509 in 2009.

As a result of this 60 per cent drop, the church’s operating surplus fell 74 per cent, from €271,804 to €68,292.

The accounts are for the 12-month period to the end of April 2009, but were only signed off by the board on July 20th last after a long delay by the company in lodging the return.

http://www.irishtimes.com/newspaper/ireland/2011/0802/1224301719186.html