STATE OF THE CONGREGATIONS. Our Future. State of the Congregations of the Diocese of Rhode Island. Purpose: To review the financial condition of the parishes in order to understand our need to find a way to vitality. Healthy Congregations are the Foundation of a Healthy Diocese.
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To review the financial condition of the parishes in order to understand our need to find a way to vitality
Total Revenue of Endowed Funds $1,338,682 X 17% = $227,575
Apportionment Revenue at Risk when restricted funds are reached
Church Expense/Attendee Average Pledge Difference
St Paul’s, Pawtucket $5,407 $1,046 -$4,361
All Saints, Providence $4,782 $1,610 -$3,172
Grace, Providence $4,091 $1,443 -$2,648
St. Michael’s, Bristol $3,934 $1,176 -$2,758
Trinity, Newport $3,869 $1,523 -$2,346
St. Stephen’s, Providence $3,631 $1,471 -$2,184
Emmanuel, Newport $3,568 $1,615 -$1,953
St. James, Woonsocket $3,435 $ 826 -$2,609
St. John’s, Barrington $3,233 $1,699 -$1,534
All Saint’s, Providence $3,201 $1,610 -$1,591
Plus many more…
No Church in the Diocese that has a full time priest covers it’s budget with pledge and plate.
*95% of Diocesan Buildings are 100+ years old, with no parking.
Total Church ApportionmentIncomeAnticipated 2012Broken out to reflect the percentage that comes from congregations pledge & plate versus draws on their endowments
Financial health and spiritual presence of the Diocese is in jeopardy
(Operating Revenue = Total Operating Costs)
Average Pledge Needed = Operating Revenue/Number of Pledge Units
Number of Pledge Units Needed = Operating Revenue/Average Pledge
Breakeven Actual Gap
So HOW do you do that?
List three concrete examples of actions that you could take within the next year that would increase income and/or reduce costs equal to 1/4 of the gap