As church executives, it’s our privilege and duty to recognize the value of staff members.
Read More >As the economy has gradually improved over the past few years, we have seen improvement in the financial health of religious institutions in terms of contributions, net cash flow and cash reserves.
Read More >In recent months the Federal Reserve has been uncommonly explicit regarding their intentions
Read More >Should you change audit firms? If so, when? Neither not-for-profit nor public companies are required to change firms at set intervals.
Read More >When Crossroads Christian Church in Corona, CA, accumulated $500,000 in debt — in addition to falling behind on their mortgage payments — financial ruin and foreclosure seemed imminent.
Read More >In this modern era, many churches are offering more and more services to its congregants to attract new members, retain established members and create revenue to operate the church or fund its programs. Common examples may include a bookstore or coffee bar. As a general rule, a church is not taxed on its income or revenues from an activity that is substantially related to the religious or charitable purposes of the organization.
Read More >People of faith are renowned for their charitable generosity. Amidst what economists are calling the “Great Recession,” giving to religion is the one subsector of charitable giving that grew in 2008. While charitable giving as a whole decreased from 2007 to 2008 by 2 percent (-5.7 percent when adjusted for inflation) and individual giving dropped 2.7 percent (-6.3 percent when adjusted for inflation) contributions to religion increased by 5.5 percent (+1.5 percent when adjusted for inflation).
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