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Q: Many of our ministry departments, such as the Women’s department, Men’s department, and Youth department have separate bank accounts. The financial activity of each department is managed solely by the department leader, while the church’s General...
In most states, churches are exempt from paying sales tax. However, some states do not give this benefit to all nonprofits. In this particular case, the state has decided that a not-for-profit food pantry will not be exempt from paying sales tax. While the intent is...
Charitable contributions by individuals reached $292.09 billion in 2018, according to Giving USA. Unfortunately, according to a study by the Association of Certified Fraud Examiners (ACFE), organizations lose 5% of revenues to theft and fraud each year. Tithes and...