when did the lds church become debt free
Finances of The Church of Jesus Christ of Latter-day Saints By the time Lorenzo Snow became church president in 1898, the church was $2.3 million in debt.[12] Snow reemphasized the payment of tithing (giving 10% of one's income to the church) and by 1907 the church was completely out of debt and since then has not used debt to fund its operations, even for capital projects.[13][14] An early pioneer venture of the LDS Church was ZCMI which lasted from 1868 to divesting ZCMI Center Mall in 2007.