Research released from the National Association of Evangelicals (NAE) this week shows that the majority of evangelical pastors in the United States serve in small churches with significant personal financial challenges. Pastors also report that they are not familiar with resources to help them and do not confide in anyone outside their household about financial stress.
"The vast majority of pastors do not have their own radio or TV show, robust church staff or megachurch attendance," said Leith Anderson, NAE president. "Rather they faithfully serve in small churches and face financial challenges stemming from student debt, low salaries and medical expenses. And sadly, they often feel they have no one to turn to for help."
The poll, conducted by Grey Matter Research in July 2015, found that of the 4,249 pastors surveyed, 80 percent serve in congregations with fewer than 200 people, and 55 percent have fewer than 100 people in their church.
Half of the pastors serve in churches with annual budgets under $125,000 that must cover the cost of the church facilities, programs and pastor/staff payroll. Fifty percent of pastors receive less than $50,000 per year in compensation, with 30 percent having student loan debt averaging $36,000.
Many pastors also struggle to secure long-term financial stability. Thirty-three percent have under $10,000 in retirement funds. Twenty-nine percent have $0 in personal savings.
Over 85 percent of pastors said they did not receive financial training from their seminary. Many pastors (37 percent) are not familiar with what resources their denomination offers for personal finances. Over a third of pastors said they have no one outside their household in whom they can confide about the things that stress them financially.
This spring, with support from Lilly Endowment Inc., the NAE launched a multi-year initiative to address economic challenges facing pastors. The initiative will focus on connecting and resourcing denominations, churches and pastors in the area of pastor finances.
Download the full report at NAE.net/pastorresearch.
Get Spirit-filled content delivered right to your inbox! Click here to subscribe to our newsletter.
Help Charisma stay strong for years to come as we report on life in the Spirit. Become an integral part of Charisma’s work by joining Charisma Media Partners. Click here to keep us strong!
Dr. Mark Rutland's
National Institute of Christian Leadership (NICL)
The NICL is one of the top leadership training programs in the U.S. taught by Dr. Mark Rutland. If you're the type of leader that likes to have total control over every aspect of your ministry and your future success, the NICL is right for you!
FREE NICL MINI-COURSE - Enroll for 3-hours of training from Dr. Rutland's full leadership course. Experience the NICL and decide if this training is right for you and your team.Do you feel stuck? Do you feel like you’re not growing? Do you need help from an expert in leadership? There is no other leadership training like the NICL. Gain the leadership skills and confidence you need to lead your church, business or ministry. Get ready to accomplish all of your God-given dreams. CLICK HERE for NICL training dates and details.
The NICL Online is an option for any leader with time or schedule constraints. It's also for leaders who want to expedite their training to receive advanced standing for Master Level credit hours. Work through Dr. Rutland's full training from the comfort of your home or ministry at your pace. Learn more about NICL Online. Learn more about NICL Online.