Family Radio
California radio evangelist Harold Camping. Photo by Kimberly Winston
Two years ago, radio evangelist Harold Camping was predicting the end of the world. Now, longtime aides say his false predictions are likely to result in the end of his California-based Family Radio ministry.
The Contra Costa Times reported that the ministry has sold its prominent stations and laid off veteran staffers, with net assets dropping from $135 million in 2007 to $29.2 million in 2011, according to tax records.
The newspaper said Family Radio has sold its three largest radio stations, and saw its cash on hand drop from $1.5 million to $282,880 in 2011. Since the incorrect prediction, donations have dropped 70 percent, ministry insiders told the newspaper. Records indicate the network took out a loan to keep going.
Participants in a movement that proselytized that the world would end May 21.(Photo by Spencer Platt/Getty Images)
Radio evangelist Harold Camping has called his erroneous prediction that the world would end last May 21 an "incorrect and sinful statement" and said his ministry is out of the prediction business.
"We have learned the very painful lesson that all of creation is in God's hands and he will end time in his time, not ours!" reads the statement signed by Camping and his staff and posted on his ministry's website.
"We humbly recognize that God may not tell his people the date when Christ will return, any more than he tells anyone the date they will die physically."