Emergency fund for small house church
I am a member of a small church that meets at the home of one of the elders. No one gets paid, and we aren't inclined to seek 501(c)(3) status, but we aren't completely opposed either.
We keep a small emergency fund that we use to help out members who may be struggling with bills or unexpected expenses. Currently that fund is in cash, but we have been talking about setting up a PayPal account in the name of at least two of the members to eliminate the need for cash and make giving more convenient.
My question is could such an account cause tax trouble for the people whose names are on it?