Church Stewardship Evaluation Information Requirements: A Pilot Study

In: Public budgeting & finance, Band 11, Heft 3, S. 56-68

Abstract

There is a potential for financial abuse in church organizations. Large amounts of money are collected, performance is difficult to measure, and financial records and controls are often not as strong as in other not‐for‐profit organizations. Members/ donors of church organizations must be able to judge the financial stewardship of the organizations. Thus, financial statements for churches must include usable information and be in an understandable format. This study examines the appropriateness of two different types of financial statements: the GAAP format and a specialized church format.