Of course this is true for many churches not just the LDS church, but the idea that maximizing profits is what is in their best interest is everything that is wrong with hierarchical religion.
I'm entirely compromised, intellectually, on the subject of the Mormon Church.
In the scriptures, institutionalized religion.... priests in favor with kings or king/priests.... never really get a good press. Solomon gets mixed reviews.... it was fashionable for Statist Priestcrafters of his era to invoke his name on stuff. Solomon probably never wrote anything found in the Bible. The books of Chronicles and Kings tell his history, and comment on his sins. Archaeologists have found evidence of his soldiers busting up rural altars all over the land, part of the nationalization/centralization idea Solomon wanted to make Jerusalem the only place you could pay tithes or do "offerings".
The Book of Mormon begins with a description of the corrupt Jerusalem that resulted in the Lord's warnings to flee the imminent destruction.....
Jesus recognized the authority of the Chief Priests/scribes/Pharisees etc... as derived from Moses' tradition, but regularly and soundly condemned them, admonishing the people to actually follow the Law which the Priests only preached and commercialized.....
The Book of Mormon describes our day as having "Priestcrafts" and corrupt politicians/judges/commercial interests, and actually does not say anything about a "Church" that will arise to fix everything..... rather, it says.... Woe to all those who say "All is Well in Zion".
I know some of the LDS leaders personally, grew up friends with one of the recent official LDS historians...
I love these people, personally.
I don't like what the Church has to do to try to "fit in" with the world system. I don't like certain aspects of their doctrine. I have been privately told they don't either, not so much..... they say and do what they believe they must to minimize dissension and conflict and persecution from every quarter, while trying their best to keep the simple believers from destroying themselves with one mistaken notion or another.....
I once ambitiously prayed to be able to understand it all the way God does, but I'm afraid it just takes doo damn much compassion for stupid people, and I'm not that good yet.
meanwhile, the Church is financially sound today..... perhaps an over-reaction to many eras of abject destitution.
My favorite little quip about it all is this.....
"We don't get extra credit for repenting of other peoples' sins".