2024 Financial Report

Below is a summary of the church finances from 2024. If you have any questions about the finances, feel free to contact any board member, or use the general email board@sanctuaryic.org.

Some Key Takeaways:

  • We’re so grateful for everyone’s continued generosity. Thank you!

  • In keeping with our traditional practice of giving away 10% of all our donations, we gave about $46,800 to charitable organizations, local nonprofits, and individuals facing financial need.

  • We ended the year with a deficit of about $16,800, but we still have about $70,000 in cash reserves. This is the second consecutive year of running a deficit. We’re hoping to meet our budget goals in 2025, and we’re asking everyone to consider increasing their giving by $25/month. If everyone contributes in that way, we will meet—even exceed—our 2025 budget goals.

Thank you to everyone who contributes to Sanctuary to help us grow into all God is calling us to!

Everyone who made a financial contribution to Sanctuary in 2024 will receive a giving statement in the mail by early February. Contact the staff or board if you do not receive a giving statement.

2024 FINANCIAL SUMMARY

2024 Income

2024 INCOME: $481,067

  • Donations: $478,565

  • Facility Rental: $425

  • Interest Income: $2,077

2024 Expenses

2024 EXPENSES:  $497,877

  • Facility:  $103,898

  • Office/Legal/Professional Operations:  $16,410

  • Ministries:  $30,197

  • Staffing/Personnel:  $300,589

  • Hands On Faith and Other Giving: $46,783