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, 2020, to June 30, 2021. 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...........................................................$15,527,833 Memberships..........................................................$633,605
Shrine......................................................................$224,109
Mass Offerings........................................................$ 37,990
Other Income........................................................$2,902,202
Total Income...................................................$19,325,819
Program Services and Expenses
Promoting Marian Devotion................................. $7,371,957
Vincentian Community Works.............................. $ 13,644
Pastoral Ministry.................................................. $2,309,771
Shrine Support......................................................$ 734,940 Fundraising..........................................................$1,183,128 Management.........................................................$ 613,757
Total Expenses...............................................$12,227,197
The last two items of expense are for fundraising and management. As you can see, they add up to 15% of the expenses. This means that 85% of your contribution goes directly to the Association’s work.
In Fiscal Year 2021 we completed a renovation to the Miraculous Medal Office Building that had not been updated since the mid 1970’s. This included some new office furniture and equipment thereby increasing our Property, Plant and Equipment. We also added to our Shrine, Church and Grounds Endowment to make sure resources are always available to maintain these items.
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.