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How You Help Us Do Our Lady's Work
All members of our Lady’s
Association come together to do our Lady’s work, whether it’s through prayer or
financial assistance. Your many prayers enable us to reach out spiritually to
those who are in need, and your monetary contributions provide the resources
which help us to carry out our mission.
On this page you will find a
brief financial accountability report for our fiscal year of July 1, 2021, to
June 30, 2022. Although you can read our mission statement in every issue of
the Bulletin, I want to repeat it here:
The Association of the
Miraculous Medal brings Jesus Christ to the world by inspiring devotion to
Mary, Our Lady of the Miraculous Medal, through whom we unite ourselves in
prayer to grow in holiness while supporting the apostolic mission and charitable
works of our Vincentian priests and brothers.
The National Shrine of Our
Lady of the Miraculous Medal is our center of prayer.
It
is through your support that we accomplish our mission and you become a partner
in that mission. The report on this page shows the sources of our funds and how
they are used.
Income
Donations...........................................................$15,382,856 Memberships......................................................$ 589,996
Shrine.................................................................$ 286,010
Mass Offerings....................................................$ 46,530
Other Income......................................................$(1,134,004)
Total Income...................................................$15,171,388
Program Services and Expenses
Promoting Marian Devotion................................. $7,709,301
Vincentian Community Works.............................. $1,003,941
Pastoral Ministry....................................................$2,344,596
Shrine Support......................................................$ 811,452 Fundraising.......................................................... $ 696,532 Management........................................................ $1,248,806
Total Expenses...............................................$ 13,814,628
The last two items of expense are for fundraising and management. As you can see, they add up to 16% of the expenses. This means that 84% of your contribution goes directly to the Association’s work.
In Fiscal Year 2022 our investment accounts showed a loss and that is reflected in the “Other Income” category.
We distributed $1 million to the Congregation of the Mission Western Province to assist with renovating the newly purchased Formation House to house new candidates who are interested in becoming priests. This is shown under Vincentian Community Works.
Again, we are grateful for your kindness to our Lady’s Association. We continue to be humbled by your generosity. All this information is part of our Financial Report, available on request.
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