The Financial Health of the Cathedral

It costs over $3,000 a day to continue our Cathedral ministries of pastoral care, social outreach, social justice, hospitality, worship and music in a heritage building.

We have five different income streams.


Congregational giving
represents the annual pledges and donations given by the members of the congregation.

We are grateful for the Diocesan Support we receive.

Income from the wider community includes the gifts from those lighting a prayer candle, attending events, dropping a donation into our maintenance box or in the collection plate during a service. It also includes income from weddings and other occasional offices.

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. It does not grow (not inflation-proofed).

Cathedral Income - 2025 Year-End

25%
Congregational Giving - $256K
7%
Diocesan Support - $74K
10%
Wider community - $106K
18%
Investments - $186K
40%
Rent - $408K

The work of our Cathedral

Our expenses can be divided into four different areas.

 

Beyond Ourselves - this part of the budget is for outreach and includes 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 - 2025 Year-End

13%
Outreach Beyond Ourselves - $139K
26%
Open Cathedral - $288K
29%
Parish Support - $328K
32%
Worship - $357K

Budget for 2025: Income of $981,666 to cover expenses of $1,088,325

Created using the Donation Thermometer plugin https://wordpress.org/plugins/donation-thermometer/.$1,088,325$981,666Budgeted for 2025: Income of $981,666 to cover expenses of $1,088,325.90%Congregational Giving 21% ($202,000)Diocesan Support 7% ($70,000)Wider Community 12% ($115,000)Investments 19% ($186,096)Rent 42% ($408,570)

Year-end 2025: Income of $1,031,671 to cover expenses of $1,112,397

Created using the Donation Thermometer plugin https://wordpress.org/plugins/donation-thermometer/.$1,112,397$1,031,671Year-end 2025: Income of $1,031,671 to cover expenses of $1,112,397.93%Congregational Giving 25% ($256,292)Diocesan Support 7% ($74,559)Wider Community 10% ($106,154)Investments 18% ($186,096)Rent 40% ($408,570)

Budget for 2026: Income of $983,558 to cover expenses of $1,131,575

Created using the Donation Thermometer plugin https://wordpress.org/plugins/donation-thermometer/.$1,131,575$983,558Budgeted for 2026: Income of $983,558 to cover expenses of $1,131,575.87%Congregational Giving ($202,000)Diocesan Support ($70,000)Wider Community ($87,000)Investments ($215,988)Rent ($408,570)

Campaign in process - our target for 2026 is $152,000

Pledges for 2026 - received as of March 1, 2026
94% Complete (primary)94%