From today's Washington Post:
The once-mighty Christian Coalition, founded 17 years ago by the Rev. Pat Robertson as the political fundraising and lobbying engine of the Christian right, is more than $2 million in debt, beset by creditors' lawsuits and struggling to hold on to some of its state chapters.
In March, one of its most effective chapters, the Christian Coalition of Iowa, cut ties with the national organization and reincorporated itself as the Iowa Christian Alliance, saying it "found it impossible to continue to carry a name that in any way associated us with this national organization."
"The credibility is just not there like it once was," said Stephen L. Scheffler, president of the Iowa affiliate since 2000. "The budget has shrunk from $26 million to $1 million. There's a trail of debt. . . . We believe, our board believes, any Christian organization has an obligation to pay its debts in a timely fashion."