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.
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.