New Study Reveals Where Large Churches Spend Their Money
What large churches spend their money on has been a subject of interest and speculation for as long as large churches have existed. Questions about how much a church spends on local and global mission, staff salaries, facility upkeep, etc. have all been common discussion points and debates among church leaders. But now, a new study has revealed where large churches are actually putting their money.
Conducted by Faith Counts, the study looked at the finances of 95 of the largest churches in the United States with average weekly attendance of more than 2,000 people. It was found that, on average, dedicated funds are being used for the following six main areas:
Global and Local Mission
Generally speaking, mission work — both global and local — is the first priority with these funds, coming in at an average of 30%. Global mission includes ministries like foreign missions, evangelism, and churches planting. Local mission includes everything from feeding programs, homeless ministries, and volunteer outreach.
Staff Salaries
The average amount given to staff salaries is 24%. This includes salaries of the main staff, including pastors, administrators, music directors, etc. It also includes benefits of these staff members, such as health insurance.
Facility Maintenance
Considering that many of these churches have large buildings and pieces of property, maintenance is a significant expense. The study found that on average 19% of funds go to the maintenance of the churches' buildings, grounds, and other property.
Other Ministry Needs
Other ministry needs, such as materials needed to lead services or house events, is also a large portion of what churches spend their money on. On average, 11% of funds have been allocated for other church ministries.
Financial Reserves
One of the more interesting revelations of the study is that on average, 8% of the funds given to larger churches go towards reserves. This provides necessary funds for the church during times of financial hardship, and provides a safety net for the church to fall back on.
Scholarships and Other Funds
The study also revealed that 8% of funds are allocated for scholarships, endowments, and funds for special events. This money is used by the church to run its various programs and activities, as well as to provide opportunities for church members in need.
Conclusion
The study reveals that there are right and prudent ways to allocate funds in large churches. It's also important to note that each church may have different standards and priorities, but overall it serves as a good example of how funds should be allocated. It's important for church leaders to be aware of how their funds are allocated and to take steps to ensure that their money is being spent in the right places.
FAQ
Q: How does the study define what is a “large church”?
A: The study looked at churches with average weekly attendance of more than 2,000 people.
Q: How much of church funds are usually allocated for staff salaries, on average?
A: The study revealed that on average, 24% of funds are given to staff salaries. This includes salaries of the main staff, including pastors, administrators, music directors, etc. It also includes benefits of these staff members, such as health insurance.
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