It might not be the most exciting aspect of church leadership, but keeping track of giving is vital to your ministry. Here are a few strategies for managing your tithes and offerings:
Where does the tithe money go in the church?
Offerings and tithes are, of course, intended to support His work on Earth through your church and ministry. You’ve been entrusted to manage these resources and allocate them efficiently, and while it would be simple—and more satisfying—to throw funds at every worthy cause in your purview, that level of generosity isn’t not the reality for church leaders.
Every church has its own demands, administrative needs, and ministry projects that must be addressed on a case-by-case basis. Only you and your staff can choose what to prioritize, but one universal best practice every leadership team can adopt is financial transparency with your congregation.
First and foremost, transparency will increase trust and faith among your givers. Show them the great work their sacrificial gifts are contributing toward, both inside your four walls and in the community, and their faith in you will grow as well.
Additionally, when you set a standard of financial transparency, your givers will be more willing to contribute during times of need in the future. Whether you have a large project on the horizon or simply hit a slow stretch in giving that’s straining your accounts, your congregation will trust that your special request for contributions is necessary and will be allocated in good faith.
Where the money goes, however, is only half the equation. You must also track where the donations are coming from.
What are giving units?
Giving units are a standardized measure for tracking tithes and offerings in your church.
Essentially, a ‘unit’ can be defined as an individual, couple, or an entire family—the important part is choosing one definition that makes sense for your church and sticking with it! Giving units will be invaluable as you track your finances moving forward.
By dividing the amount of donations you receive (or the total dollars given) against the amount of giving units in your church, you’ll discover insights into giving trends, recognize patterns in your church’s generosity, and be able to plan and strategize more effectively for your future ministry.