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Outlook

"And let us consider how we may spur one another on toward love and good deeds, not giving up meeting together, as some are in the habit of doing, but encouraging one another"

Hebrews 10:24-25

Ascension has been blessed with relatively consistent income over the past few years, since emerging from the challenges of Covid-19. Due to a combination of strong giving from the congregation, prudent expense management, and contributions from the Ascenion Day School,  Ascension has maintained a sound fiscal position for several years. 

 

The Covid-19 global pandemic impacted Ascension’s finances, like many churches around the country. Ascension was in the final stages of completing projects related to a capital campaign and repairing damage caused by two storms when in-person activities were restricted. Ascension emerged unscathed from that difficult period, however, paying off all outstanding expenses for the projects. Following a capital campaign, a global pandemic, and two storms that caused significant damage to the campus, Episcopal Church of the Ascension has no debt, and remains debt-free. 

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Financials

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Membership has held relatively steady since the pandemic. While Ascension experienced a significant drop in regular attendance in 2021, largely due to pandemic-related restrictions, attendance has had a steady upward trajectory each year since. Easter and Christmas services have been well attended since the challenges of 2021. 

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Ascension has seen a decline in both pledges and income since the pandemic. However, we have seen an increase in plate income, and our Stewardship committee is working to encourage all members to complete a pledge card.

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In calendar year 2024, revenue increased slightly, while expenses increased as we transitioned the Ascension Day School to a separate accounting. The excess revenue received in 2021 represents the forgiveness of a Paycheck Protection Loan made in 2020. 

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