Church Finance

“According to a Lifeway Research study of U.S. Protestant pastors, almost 3 in 4 say their congregation collects physical offerings by passing something around at the worship service.” - Lifeway

“While few public examples exist of the actual enforcement of these rules over the years by the Internal Revenue Service (IRS), churches and church leaders still should understand the prohibitions and limitations, including any potential tax consequences triggered by them.” - C.Leaders

Related:

“Ministers living in church-owned parsonages may also incur housing expenses beyond their designated allowance. Churches should consider amending the allowance to cover these additional expenses for the remainder of the year.” - C.Leaders

“Gateway Church and Grace Community Church [John MacArthur] are facing challenges with their long-time leaders missing.” - MinistryWatch

“By May 15, it may need to file a Form 5578 with the Internal Revenue Service (IRS). Don’t know what Form 5578 is? Most churches don’t. Here’s what leaders need to know.” - C.Leaders

“The means and methods of financial cooperation between churches are not the purview of accountants and finance committees only. Rather, how financial support is given and received within the kingdom of God on earth is a theological and pastoral question.” - 9 Marks

“Whether you’re a church leader or an active member seeking to enhance your church’s governance structures, understanding best practices and leveraging available resources is crucial.” - Brian Cederquist

“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