Quarterly Reports & Financial Transparency
Financial Stewardship
In a continuing effort to keep the congregation regularly updated on our finances, please find our third quarter results for our current fiscal year below. As a reminder, to achieve the ministry programs we have planned for this year, we had budgeted a 5% increase in general fund giving in FY24 over FY23. Please 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 pray that we might achieve our annual budget goals so that we can do everything that our great God has planned for us to do in greater Boston and beyond.
FY24 Q3 YTD Results
Unrestricted Contributions
For the second quarter of FY24, unrestricted contributions were underperforming both from budget and the prior year. At the end of Q2, halfway into our fiscal year, we had a budgeted contributions shortfall of -$248,751. In Q3 we saw a significant change to the trajectory. Total unrestricted contributions were down from budget by $49,695 (-0.8%) and unrestricted contributions were up over last year by $272,086 (+15%.) It is our prayer, as we approach fiscal year-end, that giving remains strong and matches or even exceeds the budget expectations that we planned for this current fiscal year.
If you have any questions regarding this financial information – please do not hesitate to reach out to the following:
Mark MacDonald, Executive Pastor
Kurt Drescher, Pastor of Stewardship
Courtney Daniel, Director of Finance
Curious about how we ended FY23? Check out our 2023 Annual Report.