Audited Financial Statements 2024-2025

Scripture reminds us of the importance of faithful stewardship and careful oversight of the resources God entrusts to His people. Proverbs 27:23 instructs us, “Be diligent to know the state of your flocks, and attend to your herds,” emphasizing responsibility, awareness and accountability. The apostle Paul likewise underscores the importance of transparency and integrity in handling what has been entrusted, writing, “We take this course so that no one should blame us about this generous gift that is being administered by us, for we aim at what is honorable not only in the Lord’s sight but also in the sight of man” (2 Corinthians 8:20–21, English Standard Version). These principles shape the Church’s commitment to responsible financial management and open accountability.

In keeping with this responsibility, the Church conducts an annual independent audit of its financial statements. Clark Schaefer Hackett & Co. (CSHCO) was again engaged to perform the audit, continuing a longstanding practice intended to ensure accuracy, transparency and proper oversight. As has been our custom, the audited financial statements of the United Church of God, an International Association (the Church), are published in the first issue of United News following the December Council of Elders meetings.

This annual audit is conducted in accordance with the Church’s bylaws and includes not only an examination of the financial statements, but also an assessment of risk, internal controls and key accounting policies and procedures. The final audit report is presented to the Council of Elders at its December meeting and is subsequently made available to the membership through publishing them in the United News as well as on the internet.

As you review the audited financial statements, we would like to draw your attention to several items of interest.

Unmodified opinion

On pages 1 and 2 of the Independent Auditors’ Report, CSHCO states its opinion that the financial statements “present fairly, in all material respects, the financial position of (the Church) as of June 30, 2025 and 2024.” An unmodified opinion indicates the auditors have reviewed the financial statements and found them accurate, reliable and fairly presented in accordance with accounting standards, with no significant issues.

Assets and liabilities

The Statements of Financial Position (page 4), also known as Balance Sheet, discloses the Church’s asset and liability balances at each fiscal year-end presented. Assets represent what the Church owns, liabilities reflect what it owes, and net assets represent the remaining interest after liabilities are subtracted from assets—essentially the resources available to support the Church’s mission. We are grateful that God has blessed the Church, and we recognize the generosity of those who faithfully contribute to the Church, which together have contributed to a 12.3 percent increase in total net assets over the prior year.

Page 19 (Note 8) of the audit report details the balances of each donor-restricted fund. These donor-restricted funds are used exclusively for their designated purposes.

Revenue and expenses

The Statements of Activities (page 5), also referred to as Income Statement, provides an overview of revenue and expenses by category for the fiscal year. The Church’s overall revenue—consisting primarily of tithes (reported as contributions) and Holy Day offerings—increased by 9.3 percent over fiscal year 2024.

Financial assistance

As shown in the Statement of Functional Expenses (page 6), the Church continued to fulfill its responsibility to assist members with short-term and long-term needs. In fiscal year 2025, the Church funded, in the aggregate, more than $1.59 million for various ongoing assistance initiatives.

International subsidy

In keeping with our commitment to members outside the United States, the Church provides regular financial subsidies to international areas, including congregations in Africa, the Caribbean, Europe, Southern and Southeast Asia, Mexico, South America and other regions. Total international assistance in fiscal year 2025 exceeded $1.95 million. This amount does not include the costs of printing, postage and shipping foreign-language magazines and booklets, which are reported under public proclamation program services.

Expenses

While the Statements of Activities present overall expenses by program services and management and general categories, additional detail is provided in the Statement of Functional Expenses on pages 6 and 7 of the audit report.

God continues to provide what the Church needs to carry out its mission of preaching the gospel, making disciples and caring for them around the world. We again express our gratitude to Him, and to the members, coworkers and donors who faithfully support the mission of the Church.

As always, if you have any questions about the Church’s finances or the accompanying audited financial statements, please feel free to contact us.