2025 Midyear Update
We began this year focused on immersing ourselves in Jesus’ identity and essence—His words and teachings, His actions and choices, His motivations and desires, His presence and power. 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 toward flourishing as a Christ-centered institution in our city. Additionally, our Administration & Finance Pastor, Tarik El-Ansary, shares some exciting news regarding our finances, and our Marriage & Family Pastor, Kevin Cooke, shares some pastoral updates.
Financial Overview
January – July
Thank you, church, for faithfully investing in the mission and vision of Reality through your generosity. Because of your giving, we have been able to pursue meaningful opportunities to serve and love our city in Jesus’ name. We look forward with anticipation to how the Lord will continue using this community to bring His Kingdom here in San Francisco as it is in heaven.
January-July 2025
Total Giving: $3.75M
Total Expenses: $4.17M
Net Income: -$420K*
*Planned net loss due to large, one time costs including: (1) sound booth relocation, (2) balcony theater seating & lighting, (3) refinishing and re-upholstering all of our sanctuary pews, (4) new acoustic panels, lighting upgrades, sound and stage improvements, and (5) upgrades to our 200’s wing for adult classes and formation, as well as many other first floor improvements.
Jan-July 2025 General Giving vs. General Expenses (Monthly)
(In thousands of dollars)
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: $8,530,795
2nd Mortgage Northgate: $2M
Total Longterm Liabilities: $10,530,795
Fund Balances
Justice & Outreach: $186K
Benevolence: $409K
Church Planting: $132K
Building Fund: $186K
Youth: $9K
Savings: $1.1M
Total Fund Balances: $2.02M
2025 Operational Budget: $6.8M
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.