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, 2018, to June 30, 2019. 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...........................................................$11,529,167 Memberships..........................................................$528,655
Shrine......................................................................$166,902
Mass Offerings........................................................$153,506
Other Income........................................................$1,222,703
Total Income...................................................$13,600,933
Program Services and Expenses
Promoting Marian Devotion..............................$6,235,897
Vincentian Community Works...........................$5,673,834
Pastoral Ministry................................................$1,838,949
Shrine Support.....................................................$671,407 Fundraising..........................................................$987,220 Management........................................................$523,241
Total Expenses............................................$15,930,548
The last two items of expense are for fundraising and management. As you can see, they add up to 9% of the expenses. This means that 91% of your contribution goes directly to the Association’s work.
Total expenses exceeded total income this year by $2,330,000. This was due to the transfer of assets to the Congregation of the Mission Western Province. The Association of the Miraculous Medal transferred $5,551,399 of capital assets related to the Capital Campaign and Grounds Renovation Project to the Congregation of the Mission Western Province once this project was completed. This reflects the improvements made to the Shrine Church and grounds which are owned by the Vincentians of the Western Province.
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.