The Presbyterian Church (U.S.A.) Receives Unmodified Audit Opinion

The Presbyterian Church (U.S.A.) received an unmodified audit opinion from auditing firm Cherry Bekaert, indicating its financial records are in order.

Total net assets rose to $766 million in 2024, up from $731 million in 2023.

Total contributions increased slightly to $51.8 million in 2024, up from $50.6 million in 2023.

$36.4 million of 2024 contributions came with donor restrictions.

Investment return decreased to $52.3 million in 2024, down from $65.5 million in 2023.

Despite the decrease in investment return, the report described it as a "really strong" performance.

The Presbyterian Church (U.S.A.) is partnering with Build Consulting to improve IT infrastructure.

Build Consulting identified areas for savings, including migrating documents to SharePoint and Teams.

The focus over the next two years will be on digital strategy, application development, and data infrastructure and engagement.

The board met in closed session to discuss personnel, property, and security matters, expressing gratitude for the auditing firm's expertise.