June 2022 EPC financial report: FY22 PMA contributions conclude year under budget


At the June 30 close of the EPC’s fiscal year, Per Member Asking (PMA) contributions to the EPC totaled $2,291,002. The total is $118,730 (5.2 percent) less than the General Assembly operating budget of $2,409,732. June PMA support was $218,276—$14,704 (6.7 percent) less than the monthly projected budget amount of $232,980.

Fiscal year 2022 (FY22) PMA support was $100,869 (4.2) less than the $2,391,871 contributed over the same period in FY21. The EPC’s fiscal year runs from July 1 to June 30. In addition, June PMA support of $213,296 brought the 12-month rolling average for monthly PMA contributions to $190,917. The rolling average is 4.6 percent below the 12-month rolling average as of June 2021.

“Though we did not end the fiscal year as we hoped to, God is still on His throne,” said Stated Clerk Dean Weaver. “The past five or six months have been incredibly challenging for our churches as their members deal with inflation and other financial pressures. I am very thankful for that our churches continue to understand the value of in being in the EPC, and that they support the EPC as sacrificially as they do. In this very challenging year, I would be remiss in not celebrating the five churches with the highest PMA contributions last year: Hope Church in Memphis; Second Presbyterian Church in Memphis; Cedar Springs Presbyterian Church in Knoxville; Colonial Presbyterian Church in Kansas City; and Signal Mountain Presbyterian Church in Signal Mountain, Tenn.”

Of the $2,291,002 received, $458,200 (20 percent) was contributed to EPC World Outreach.

In addition to PMA contributions, the Office of the General Assembly received $6,784,909 in designated gifts in FY22. This total was $1,261,256 (22.8 percent) more than the $5,523,652 in designated gifts received in FY20. Designated gifts include support for World Outreach global workers and projects, and contributions to EPC Special Projects such as Emergency Relief, church planting and revitalization initiatives, and the EPC’s holiday offerings.

Of the total, $6,290,467 was designated for World Outreach workers and projects, and $494,442 was designated for EPC projects. These amounts only reflect gifts received and distributed by the Office of the General Assembly, and do not reflect donations given directly to WO global workers or other projects.

Notable donations contributing to the increase from FY21 include more than $518,000 for the International Disaster Relief Fund following Russia’ invasion of Ukraine; and nearly $300,000 donated to the Domestic Emergency Relief Fund in response to Hurricane Ida in September 2021.

“Clearly, when needs arise the people of the EPC step up—regardless of the current financial climate,” Weaver said. “That tangible demonstration of God’s sacrificial love is part of why I love the EPC so much.”

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EPConnection is the news and information service of the Evangelical Presbyterian Church, a denomination of Presbyterian, Reformed, Evangelical, and Missional congregations. To the glory of God, the EPC family aspires to be a global movement of congregations engaged together in God’s mission through transformation, multiplication, and effective biblical leadership, embodying Jesus’ love to our neighbors near and far.

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