The Purse by Julie A. Burns

But Samaritan’s Purse spent just $715 million-almost $300 million less than it received. The organization headed by Billy Graham’s son, Franklin Graham, brought in over a billion dollars, according to its audited financial statements. They say nonprofit groups are supposed to use their funds to fund their mission, not fill their bank accounts.Īccording to Samaritan’s Purse’s IRS Form 9, the organization brought in $894 million in total revenue in the 2020 fiscal year and spent only $670 million-a $224 million difference. This massive reserve is raising red flags among nonprofit experts and charity watchdogs. Public documents show Samaritan’s Purse has spent hundreds of millions less than it raised in recent years and has amassed assets exceeding a billion dollars.