church finance

Among U.S. churches of better-than-average size and budget, nearly half are feeling the impact of the deepening recession and are being forced in many cases to cut staff or freeze salaries. Donations are down, said 48 percent of church leaders surveyed at these churches in February. Last August, 41 percent of respondents reported a downward trend in donations at a time when Wall Street financial firms needed rescue and gasoline prices were sky high. But although the unemployment rate is rising, credit is tight as a drum and stock and home values are shriveling, 52 percent of congregational executives reported that donations at their churches have not declined.
March 24, 2009

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