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 meet our escalating costs and achieve the ministry programs we have planned for this year, we had budgeted a 5% increase in general fund giving in FY25 over FY24. 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.
FY25 Q3 YTD Results
Unrestricted Contributions
For the third quarter of FY25, 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 -$179,330. In Q3 we saw a significant negative change to the trajectory. Total unrestricted contributions were down from budget by -$479,940 (-16%) and unrestricted contributions were down over last year by -$309,271 (-11%.) It is our prayer, as we approach fiscal year-end, that giving can match or even exceed the budget expectations that we planned for this current fiscal year so that our planning for fiscal 2026 can align to all the needs we would like to meet.
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 FY24? Check out our 2024 Annual Report.
