Financial Budget Update

Fiscal Year 2025 – 10-Month Financial Report (July 1, 2024 - June 30, 2025) 

Dear Friend,

We are pleased to share the 10-month financial results for Fiscal Year 2025 (July 1, 2024-June 30, 2025). View the results.  

We also extend an invitation to you to help close the gap in congregant revenue by the end of June 2025.

Here are a few highlights about the 10-month results.

Revenue:

  1. Congregant revenue is the largest revenue source in our budget. While congregant revenue remains strong, we have $357,606 left to raise to reach our goal of $1,500,000 in congregant giving for this year. We increased the number in this year’s budget confident that together we could meet this challenge goal.

  2. The Easter Offering exceeded expectations thanks to your generosity. As of the end of April, we received $166,056. As of May 21, we received $183,099 exceeding our goal of $160,000 by $23,099.

  3. We have continued to be conservative in our approach to drawing from the endowment. As of the end of April, we have taken $750,000 which is $690,643 less than budgeted for the 10-month year-to-date period. We plan to take the full draw this fiscal year to meet current and anticipated expenses, and so you can anticipate seeing the remaining $978,772 of the draw taken on the year-end reports we will share this summer.

  4. In the FY26 budget, a 5% draw will be used as planned for in our 5-year stepdown strategy.

Expenses:

  1. Staff continues to manage their budgets very well. Please thank them for what they continue to do with smaller budgets.

  2. We have not had any unexpected expenses to date although we need to cover the final repair to the chiller (HVAC) in the Sanctuary, estimated to cost $30,000. We hope to cover that expense with any surplus monies we have this fiscal year.

We are so thankful for how the congregation has come together and worked to help us navigate through an unexpected time of financial challenge. We are so grateful for all of your support!

As we come to the end of this fiscal year, we ask you to help us rise to the challenge before us and help close the $357,606 gap in congregant revenue. The gifts you provide will go directly to meet the regular ministry expenses of Marble to help us end this fiscal year as strongly as possible. We will be grateful for every gift of any size.

Jesus reminds us in Matthew 19:26b: All things are possible with God. 

To make your special fiscal year-end gift to Marble go to OnRealm.org/MarbleChurch/-/Form/Give/FYGift to make a gift through our secure online portal. On the dropdown menu, please select the Pledge and Plate Offerings option which is the first one on the menu.

If you have questions about giving, please contact our Business Office at (212) 686-2770, ext. 304 or CHale@MarbleChurch.org. 

Thank you so much for all your prayers and support. Because of you, and God’s ever-present help, we have much hope for Marble’s future.

May God bless you and keep you; may God’s face shine upon you and be gracious unto you. May God look upon you with grace and mercy and hold you in the palm of God’s hand.