A wealthy Christian television network in
The Charlotte Observer in
The Observer reported that the network took in nearly $80 million in 2008. The ministry’s 93-acre headquarters, called City of
David Cerullo, CEO of the network, took home $1.5 million in pay in 2007 and his wife was paid $150,000. He owns two homes worth a total of $4.7 million, and the couple’s children are also on the ministry’s payroll.
Officials with the South Carolina Department of Revenue ruled that the ministry will no longer receive a property-tax exemption but did not say why. Lancaster County Administrator Steve Willis said taxes the state receives from the Inspiration Network will mostly benefit local public schools.
Ministry officials have vowed to appeal the denial of tax exemption.