Let’s talk Church financial management during troubled times.
As the senior loan officer for the Loan Fund, I find it my responsibility to assist pastors as you manage through these economic downturns. Please note the following:
Tithing among Apostolics is not considered “discretionary expenses.” Meaning, most members treat tithes as essential expenses and will give anytime they have income. Offerings, on the other hand, are treated as discretionary expenses and tend to go down during troubled times.
Currently, 18% of US households have already experienced a decline in income since February. This number will increase in the next few weeks. In summary, tithes and offerings are expected to decline.
Instead of thinking doom and gloom, let’s be proactive. Below you will find several recommendations for managing church finances in this season.
Please know we are covering you and your church in prayer. With God’s help, we will come through this victorious!