Harold Camping's Family Radio Worth $72m

 @ibtimes on May 21 2011 3:52 PM

While Harold Camping's doomsday prediction hasn't panned out, there is one associated with him that is. Camping is the President of California-based Family Radio, a religious broadcasting network that spans more than 150 outlets in the United States.

The non-profit organization received $80 million in contributions between 2005 and 2009.

Their latest IRS filings shows almost all funds are from donations, with $18 million in total in 2009.  Based on their financial documents, accountants put the total worth of Family Radio at $72 million. Numerous groups have accused the Family Radio of scamming people to get donations.

However, almost entire group's net worth is tied up in FCC broadcasting licenses, valued at $56 million. Family Radio said it only has $1.5 million in cash on its books at the end of 2009.

Many of Camping's followers have quit their job, given up their houses and their savings to support Camping's prediction. 

The nonprofit employed about 350 people and paid them a collective $8.3 million -- or roughly $23,000 per person -- in 2009. Camping previously made a failed prediction Jesus Christ would return to Earth in 1994. 

He could not be reached immediately for comment on Saturday. 

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