The designation removes the requirement to file a Form 990.
In recent years, some Christian ministries have taken action to avoid the requirement to file a Form 990 return with the Internal Revenue Service.
Urban and larger churches were more likely to accept the loans, according to study.
Churches and Christian ministries accepted more than $7 billion in Paycheck Protection Program (PPP) Loans under the Coronavirus Aid, Relief, and Economic Stability (CARES) Act, according to research conducted by Christianity Today.
Ministry Spotlight on Mercy Ships, ECFA Changes, and Latest MinistryWatch Updates
Mercy Ships in the Ministry Spotlight, Chuck Bentley on the Podcast, and RZIM Removed from ECFA
According to the Bible, God has a plan for everything. Including your money. Yet many church groups rarely talk about your finances outside of yearly stewardship drives. While praying and reading the Bible are considered ...
PPP Funds Were Designed To Save Jobs, But Are They Really Fattening Coffers?
MinistryWatch examined the list of churches and ministries that received at least $2-million in PPP funds to see if there was a real need.
On April 3, Crown Financial Ministries CEO Chuck Bentley released an “Open Letter to Churches and Christian Ministries.” He called on Christian leaders to exercise extreme caution before taking money earmarked for non-profits as part of the ...