Finance Factoids

  • This year's budget is $304,000. Of that amount, $226,000 comes from donations within our church; the remainder is from fees for church programs and rents from our tenants.

  • There is a strong correlation between giving and the size of a church In our case, we have 140 members, but 225 on our active roll. We had 70 make pledges to Grow Something New.

  • The Cove takes in about $18,800 per month on average from offerings.

  • Charitable giving to religious institutions in America totals about $88,000,000,000 annually (.7% of GDP), according to Time magazine. Separate sources indicate that church members tend to give between 2% and 3% of their annual income to their church. The Biblical model is to live on 90% of our income and tithe 10%.

  • Personnel expenses at churches tend to account for 65-75% of the budget. Because of our mortgage, we are only spending about 48% on personnel.

  • The Cove's budget is $304,000, we have 140 members; 225 people on our active roster (jr. high and above).

  • Numerical growth and stewardship go hand in hand. We need to have about 130 members/attenders to operate in the black; 150 to increase staff; 170 to build on our property.

  • Weekly giving at The Cove averages about $4000. It is always more at the beginning of a month and less near the end.

  • Grow Something New received total pledges of $383,000.

  • We have received 72 new members since December, 2005. We now have about 140 members. We donate approximately $29/member in fulfillment of the “per-capita assessment” administered through our Presbytery.