Mars Hill Church Financial Update August 2014 – “The Most Trying Circumstances in Our Church’s History”

The following August 2014 financial update was sent to members of the Mars Hill Church in Albuquerque, NM. Discussion to follow:

financialupdateaugust2014

This particular letter is specific to the Albuquerque church but gives information about the church as a whole. August giving was under budget:

During the month of August, we received $1,552, 817 and expenses were $2,222,274, so our net over expenses (loss) after depreciation and capitalizing assets was ($647,768). Our income target was $1,842,414 and we missed this target by almost 16%. The average giving per adult attendee per week dropped in August to $39.08 from $44.16 in July.

Reports from insiders are that September’s giving has been much worse church wide. According to this letter, Mars Hill’s CFO Kerry Dodd expects another loss in September. The memo projects some optimism that current giving will level out and return October to more positive territory but, according to my sources, giving is down again in September. Also, they will begin paying Sutton Turner’s severance in October. On the upside for Mars Hill, Albuquerque bucked the trend by coming in with higher than projected giving numbers.

LOCAL UPDATE – MARS HILL ALBUQUERQUE

–          Tithes were $104,120 which was 141% of the $73,757 budget for August.

This appears to be a more candid approach for Mars Hill and I suspect leaders at each campus received one regarding their location.

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