NAMB spent over 250% more on church planting while cutting support for existing churches. Since 2010, the budgets for ministries that support existing churches was slashed 72%, they cut spending to help with evangelism by 65% and defunded all evangelism staff, including collegiate ministers, except for states in the South and the Northwest Convention.
It could be claimed that NAMB had to cut those to provide for the spike in the church planting budget. However, NAMBs contributions received, expenses and administrative budget have remained flat, and their liabilities have dropped 50%. Their investments increased $100 Million since 2008, property assets increased $22 Million since 2013, and their reserves are up $200 million. That does not include the $35 Million in cash they received from selling church loans in 2014.
Are we surprised baptisms are down 30%, when we slash support for existing churches?
NAMB could fund support ministries they have cut if they wanted too. However they have instead chosen to bury it in assets and reserves.