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Posted by: Charles P Myrick CPA Posted on: Aug 06 2019

Do Your Church Collections Go Down in the Summer?

Pastors that I talk with tell me that the summer months can be hard on their church collections. Historically speaking, church attendance declines in the summer months as families go on vacation or merely stay away to avoid the heat. For churches that rely on the Sunday collection plate for most of their income, this can be a hard time. 

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Posted by: Charles P Myrick CPA Posted on: Jun 25 2019

Five Ways to Boost Church Giving in the Summer

Through my work with churches I know that it's common for churches to experience a lull in giving during the summer months. Members go on vacation and don’t donate money while they’re away, or they sometimes neglect to give during the summer in order to save for other activities. 

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Posted by: Charles P Myrick CPA Posted on: Feb 12 2019

Is a Cash Reserve a Challenge for Your Church?

For a church, cash flow can make or break its ability to survive. The reliance on member donations increases the need of church leaders to manage finances through revenue peaks and valleys. A cash reserve can be the buffer to carry you through the valleys. Without a cash reserve to draw from, many churches have found themselves scrambling to raise funds when needs come up. 

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Posted by: Charles P Myrick CPA Posted on: Oct 30 2018

What Makes a Successful End-of-the-Year Giving Campaign?

The end of the year holiday season is also the giving season. Church leaders know that the holidays are one of the most strategic times of the year for fundraising. End of the year donations are critical to the financial well-being of the organization. Every non-profit ministry in the country will make appeals to the members of their church for financial support. What makes these appeals successful? 

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Posted by: Charles P Myrick CPA Posted on: May 22 2018

The Challenge for Churches: A Consistent Cash Flow

As far as nonprofits go, a church is one of the most complex organizations for leadership. Church leaders have to balance the spiritual needs of their congregations with the programmatic needs of the communities their churches serve. Meeting these needs requires resources, both human and financial. When your church income relies on the weekly donations of your congregation, it can be a little tricky to ensure that you have consistent cash flow.

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Posted by: Charles P Myrick CPA Posted on: Apr 12 2018

Things You Can Do To Boost Church Giving

It takes leadership and money for a church to experience dynamic growth. Many church leaders, legitimately concerned about church finances, are looking for ways to increase giving from their congregation. They want to tap into the generosity of the members and boost offerings in the church. It doesn’t have to be a daunting task.

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Posted by: Charles P Myrick CPA Posted on: Feb 20 2018

How to Make Your Church Budget Committee Meeting a Success

The money that supports your church’s ministry comes from faithful people who give because they believe in the mission. For that reason alone, there is a responsibility to manage wisely how the funds are used. The church Budget Committee has the task of oversight. One of their primary duties is to create an annual budget.

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Posted by: Charles P Myrick CPA Posted on: Jan 10 2018

Will the New Tax Law Affect Church Giving?

Will churches experience a decline in giving because of the newly signed Tax Cuts and Jobs Act? Some fear that the doubling of the standard deduction will result in fewer parishioners who will itemize their deductions. Charitable donations to churches are itemized expenses.

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Posted by: Charles P Myrick CPA Posted on: Oct 19 2017

Advice for Churches: Increase End-of-Year Giving

In the world of non-profits, including churches, end of the year donations are critical to the financial well-being of the organization. Why? Many individuals and companies wait till year-end to take advantage of tax advantages. By year end they know where they stand financially, how much they can afford to donate and how a donation could actually help them save money in other areas of their finances.

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