Churches & Non-Profits Get Hammered

By Bill Glynn

Christians Are Not Exempt From Financial Woes

Churches and all non-profits are severely wounded by the financial crisis that has really hit home. Dependant on donations, both are struggling to keep the lights on in some cases and significantly reducing programs for those that need it most especially now. This is a time in history where more and more people are looking for help and turning to the church for guidance while the coffers are running dry. Non-profits across the nation are also being tapped out so people can’t turn there either. Add to this the Administration’s proposal to pay for healthcare reform by eliminating the Non-Profit tax exemption for people who earn over $250K. Who the heck do you think gives the money to non-profits? Yes, financial discrimination again; but this is the bread and butter that keeps these institutions alive. People that tithe at churches definitely write off their donations. Those who can afford to tithe are mostly higher income families. So inflow of money is down severely and now you want to eliminate the deduction too? [more...]