Tithes & Offerings Breakdown
2022-23 FISCAL YEAR-TO-DATE
Island Church accounts for your giving in two ways; Tithes & Offerings.
Tithes: The Biblical definition of tithe is to give 10% of your income. Tithes are used to facilitate and grow the vision of the church.
Offerings: These should be given above your regular tithes. 100% of the funds are given to the cause for which they were raised.
Special offerings are separate from the general church operating budget. When you give to a special offering, 100% of the money is passed through to the cause. The church does not use any of these funds, regardless of administration costs.
$80,617 - Ghana wells
$69,540 - Vehicle for Ghana wells ministry
$11,543 - Island Church Security
$7,250 - Romania
$3,043 - Ghana wells (VBS)
$2,326 - Mast’s
$1,329 - Derrick and Shelby honeymoon
Island Church Vision Expenses
The day-to-day operations of the church rely completely on tithes to serve our church family & local community. Special offerings (as shown above) are never used for day-to-day operational expenses.
~13% of Annual Church Budget
Advertising - Marketing - Audio - Video - Technology - Computer & Software - Denomination Admin Fee - Office Supplies - Legal & Professional Fees - Liability Insurance - Safety & Security - Licensing - Bank Fees & More
~25% of Annual Church Budget
Repairs & Maintenance - Grounds & Landscaping - Building Repair & Maintenance - Service Contracts - Janitorial / Cleaning Supplies - Repairs & Maintenance - Utilities - Telephone & Communications - & More
~11% of Annual Church Budget
Kids Ministry - Kids Camp (VBS) - Worship Ministry - Battleground Music - Hospitality - Flowers, Gifts, & Arrangements - Guest Speaker Hospitality - Events - Guest Speakers Honoraria - People Development - Conferences - travel - Word & Spirit Discipleship Center - Youth Ministry - Christian Education Ministry & More
~14% of Annual Church Budget
Local Outreach - Benevolence - Plates of Hope - Widows & Orphans - Charitable Contributions - Love Offerings - International Missions - International Justice Mission (IJM) - Israel - Senegal - Turkey - Romania - China Bridge - Ghana & More
~37% of Annual Church Budget
Contractors - Contractor fees - Administration Fees - Payroll Expenses - Wages - Benefits - Payroll Fees - Administration Contracts - Payroll Related Taxes - Dept Labor & Industries - Payroll - Childcare & More
Depreciation & Other Expenses
This is an expense that is gradually realized through facility updates and devaluation of physical assets that will eventually need to be replaced. This is calculated as an actualized cost for the church through the budget line items listed above. This costs impacts ~20% of the annual budget.
Data through January 2023 EOM
Detailed expenses information provided to members upon request
