Our Finances

A hallmark of St. Stephen’s has been our commitment to live within our means to the best of our ability.  During the Covid-19 pandemic of 2020-21, when many churches faced a shortfall in income, we have been blessed to have a number of very generous pledgers who actually increased their pledges to help us continue to pay our bills and maintain our outreach program.  In fact, the average pledge in 2021 was almost $900 more than in 2020.  We received 31 pledges for 2021, down slightly from 2020 but still a remarkable increase from the 20 pledges received in 2016.  We had a $21,000 surplus in 2019 that we have set aside to help meet our transition and other expenses in the coming year.  All this is yet another example of our resilience and our determination to move forward.

Our top budget priorities are to pay our operating costs, clergy salary and benefits and our Diocesan assessment and to give 10 percent of our pledge income to outreach grants.  All other spending categories are funded according to the income we receive.  Our typical budget is very conservative, and we have always managed to avoid red ink and sometimes even produced a surplus.

The strength of our financial position gives us a true sense of confidence that St. Stephen’s will weather this time of pandemic and clergy transition in good shape.    

St. Stephen’s by the numbers:

 

Year

2016

2017

2018

2019

2020

2021

Pledging Units

20

27

29

33

36

31

Average Pledge

$3,346

$3,272

 $3,343

$3,428

$3,272

$4,115

Average Attendance

40

43

45

50

44

35

Active Members

55

59

68

70

65

60

Sunday School

10

13

13

14

Cancelled

During Covid

 

Cancelled

During Covid

 

Adult Education

30

21

25

25

Cancelled

During Covid

Cancelled

During Covid

 

Click here to view our parish budget for 2021