By the Numbers

2020 Financial Performance

 

With a good November and December, All Saints finished 2020 with a $46,000 deficit.  This does not include the impact of our $101,000 Payroll Protection Plan (PPP) loan which was received last May.  When forgiven by the Federal Government, the entire proceeds would be recognized as income.  Had this $101,000 been recognized as income in 2020, our $46,000 deficit would have become a $55,000 surplus!  Unfortunately, the loan was not forgiven until January, 2021 so all of the proceeds will be recognized as income in 2021.  As can be seen from the chart, 2020 expenses were held below both the 2020 budget and 2019 actual.

Budget vs. Actual for the Year-to-Date

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Pledges by first quarter in 2021

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Distribution of Annual Giving

Pledge Income

 

Pledge payments received in 2020 were $752,000 vs. pledges received of $764,000.  This represents a payment ratio of 98.4% which is truly phenomenal, particularly in a year like 2020.  THANK YOU to all who honored their pledge.  As wonderful as this support was, we need to increase our pledges to fully fund our ministries, programs, outreach and mission in the future.

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Budget vs. Actual for the Fourth Quarter

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