Church Finance

“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

“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