Quarterly Reports & Financial Information

In a continuing effort to keep the congregation regularly updated on our finances, please find our second quarter and year-to-date results for our current fiscal year below.  Know that we are so grateful for the generosity and faithfulness of the congregation as you – the people of Grace – continue to faithfully pray, serve, and give.  Please join us in praying that we might achieve our annual budget goals so that we can do everything that we hope to do and our great God has positioned for us to do in greater Boston and beyond.

  

Notes on the Financial Statement:

• For the Quarter (Q2), Contributions ahead of budget, but not last year. Budget (annualized) is a -3% decline from last year, so while ahead of
  budget, this is not an indication of growth in contributions.
  • The favorability in Q2 is mainly driven by the month of August. September results while on par to budget were double digit %s behind last
    year. The same is true for October.  This occurs due to the seasonality built into the budget where some months will be ahead of last year and some below last year.  The average across the fiscal year is a -3% decline in Contributions.
• Other revenue continues to support revenue mainly via rentals from our physical locations.
• Personnel expense is favorable both for Q2 and YTD because there is no Senior Pastor on staff. These dollars were built into the budget for the year
  so as to develop a budget considering this expense and not to operate without it. We believe this better prepares us financially in the future for when
  we do have a Senior Pastor staffing expense.
• Net results for Q2 and YTD are at a deficit. While anticipated in the budget, and experienced last year, the current year is at less of a deficit due to
  the Personnel favorability despite declining Contributions. 

Debt Payment is not budgeted in the Operating Budget for an annual budget.  It is considered in the budget cycle and approved with the annual budget. 

If you have any questions regarding this financial information – please do not hesitate to reach out to the following:

Mark MacDonald, Executive Pastor

Courtney Daniel, Director of Finance

Curious about how we ended FY25? Check out our 2025 Annual Report.