Church Finance

“around 3 in 5 U.S. congregations say their current financial health is either good (35%) or excellent (26%). Another 28% say they are tight but able to manage. Only around 1 in 10 say they have some difficulty (8%) or serious difficulty (3%).” - Lifeway

“Absent an accountable reimbursement arrangement, the Internal Revenue Service … views any reimbursed business expenses paid by an employer to an employee as nonaccountable. And this creates taxable income for the employee.” - C.Leaders

“In addition to their sending church and CBM, the Robbinses formed a church planting team that includes 24 churches and 30 individuals to make their vision a reality.” - GARBC

“According to the annual State of the Church Compensation Survey by ChurchSalary, the average church increased their staff salaries and benefits more than they expected in 2024.” - MinistryWatch

“The survey findings revealed that many pastors struggle with their level of financial knowledge. Fewer than half said they were somewhat or very well prepared for financial matters by their college, seminary or first employer in ministry, while 48% said they put off thinking about financial matters because they don’t feel knowledgeable in that area.” - The Baptist Paper

“The process of creating the church budget is important. In many ways, it’s a ministry roadmap for the upcoming year. As you walk through this budget season, here are six quick tips to consider.” - Toolbox

“An interview with Casey Lute, pastor of Peace Bible Church, Salem, Oregon, planted in 2023, and Tim Baker, pastor of its mother church, Bethany Baptist Church, Salem, Oregon” - GARBC

“Houses of worship will need to apply by May 21 to tap into the first round of funds.” - ABC

Map data “comes from the Bureau of Labor Statistics. They have been tracking the median salary of clergy for at least the last 25 years and they make that data publicly available for download.” - Ryan Burge

“74% of Protestant pastors say their church’s fiscal year starts in January…. Most say the trustees or church board (77%), the treasurer (69%), the pastor (61%) and a finance or stewardship committee (58%) are involved in creating the budget.” - Lifeway