The Financial Health of the Cathedral

It costs over $2,500 a day to continue our Cathedral ministries of pastoral care, social outreach, social justice, hospitality, worship and music in a heritage building.

We have four different income streams.

Identified income represents the annual pledges and donations given by the members of the congregation.

Unidentified income comes to us from visitors to the Cathedral paying for a prayer candle, dropping a donation into our maintenance box, or putting money in the collection plate during a service. [This income is under threat as long as the building remains closed due to the coronavirus.]

The Cathedral is blessed with income from Investments, which grew and grows from the contributions of parishioners past and present.

Our Rental income is the result of the "development" of the office tower and mall in the 1980s.

Cathedral Income

21%
Identified Givers
9%
Unidentified Givers
18%
Investments
52%
Rent

The work of a Cathedral

Our expenses can be divided into four different areas.

Beyond Ourselves - this part of the budget is for outreach and included our contribution to the work of the Diocese and the National Church.

Open Cathedral - this portion is spent on keeping the Cathedral open seven days a week and keeping the building in good repair.

The Cathedral's Worship life: services, music and education, all to the glory of God.

Parish Support - our office support staff and the overhead expenses of the mother church of the Diocese.

Cathedral Expenses

15%
Outreach Beyond Ourselves
24%
Open Cathedral
30%
Worship
31%
Parish Support

An Increasing Commitment to the Cathedral

Pledges for 2020 are up 36% from 2019 pledges