SUMMARY OF
ESTIMATED FINANCIAL REPORTS
December 21, 2022
Total Parish Revenue
Fiscal Years 2015 - 2023
Total Parish revenue has increased over 34% over the last two years, from $970,839 in calendar year 2020 to $1,301,223 in 2022. Corpus Christi is estimated to record the highest-ever since 1978. Online giving will account for 28% of the total offertory, an increase of 61% compared to 2020.
Net Income
Calendar Years 2020 - 2022
Consistency is key. Though Corpus Christi do not tend to have consistently higher net income margins - trending less than 40% - the interpretations of our financial statements make clear that the Parish is developing strong long-term economics.
Efficiency Ratio
Calendar Years 2021 & 2022
The efficiency ratio indicates the expenses as a percentage of revenue, with a few variations. The ratios listed below hardly fluctuate, which signals sound financial practices. The third quarter of calendar year 2022 is an anomaly. Its volatility came from costs associated with the purchase of two new Columbarium units, in which case this singular fluctuation is no cause for alarm.
If the efficiency ratio increases, it means expenses are increasing or revenues are decreasing.
An efficiency ratio of 80% or under would be optimal for Corpus Christi.
An efficiency ratio of 80% or under would be optimal for Corpus Christi.
Cash Flow Report
Calendar Years 2021 & 2022
The ability of the Parish to operate in the short and long term is based on how much cash is flowing into and out of Corpus Christi. The cash flow report below provides a detailed picture of what happened to the cash of the Parish throughout the calendar years 2021 and 2022.
3x Increase v. All Diocesan Parishes
July 2021 - June 2022
During our fiscal year 2022, the offertory revenue of Corpus Christi saw a 300% increase when measured against the combined growth of all parishes of the Diocese of Charleston.
The Diocesan calculations below were obtained from public financial statements of the Diocese of Charleston.
