2024 Midyear Update
We began this year focused on being a church rooted and established in love. In this Midyear Update, we follow up on the main initiatives laid out during our Annual Vision & Prayer, and provide a financial overview of our year so far.
Midyear Update Presentation
Watch our Executive Pastor, Mike Gleim, share an update regarding our efforts towards rootedness, as we seek to be a more established church that is healthy, growing, and prepared to bear much fruit. Additionally, our Finance Pastor, Tarik El-Ansary, shares some exciting news regarding our finances.
Financial Overview
January – June
Thank you church for showing your commitment to the mission and vision of Reality through your finances, we are grateful for the opportunities to serve our city that your generosity provides. We look forward to seeing the Lord continually utilize this community to bring His kingdom here in San Francisco as it is in heaven.
January-June 2024
Total Giving: $3.25M
Total Expenses: $3.04M
Net Income: $210K
General Fund
General Giving: $2.36M
General Expenses: $2.59M
Net Operating Income: -$220K
Jan-June 2024 General Giving vs. General Expenses (Monthly)
(In thousands of dollars)
Designated Giving
Benevolence: $21K
Justice & Outreach: $29K
Building: $553K
Youth: $16K
Total Designated Giving: $734K
Designated Expenses
Benevolence: $66K
Justice & Outreach: $147K
Pastoral Housing: $65K
Building: $287K
Youth: $17K
Total Designated Expenses: $582K
Ministry Expenses
* Other: Includes Justice & Outreach, Benevolence, & Church Planting. i.e.: financial partnerships with Partner Organizations, support of local missionaries, Benevolence to RSF congregants experiencing hardship, and church planting initiatives including all residency ministries.
Longterm Liabilities
1st Mortgage Cash Bank: $8,970,785
2nd Mortgage Northgate: $2M
3rd Mortgage Sand Hill Foundation: $0
Total Longterm Liabilities: $10,970,785
Fund Balances
Justice & Outreach: $225K
Benevolence: $554K
Church Planting: $119K
Building: $105K
Youth: $16K
Savings: $1.31M
Total Fund Balances: $2.32M
2024 Operational Budget: $5.8M
If you are interested in receiving a Monthly Financial Report about our giving and how it’s lining up with our annual budget and monthly giving goals, subscribe to this list.