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 (Q3), Contributions are slightly behind budget and last year. The unfavorability in the quarter is driven by the month of December and the almost -15% miss to budget.
- Year-to-Date (YTD) Contributions are still slightly ahead of budget, but behind last year. This reflects the annualized Budget of -3% to last year.
- Other Revenue continues to support revenue mainly via the rentals across our physical locations.
- Personnel expense remains favorable through Q3 and YTD because there is no Senior Pastor on staff. An estimate for this position was built into the budget as to better prepare us for the inevitable future expense of having this positioned staffed.
- Net results for Q3 and YTD are at a surplus due to December; while behind budget and last year, December remains the largest month in the fiscal year. Favorability in Personnel expense is why the net results differ so drastically from this period last year.
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.
