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2011 REPORT
Financial plan and achievements in the last three years
There is also remarkable growth in our finances in the last three years.
Source of financing (In Birr) |
2009 |
2010 |
2011 |
Internal sources
|
- Contribution ( churches tithe, Gospel fellowship)
|
32,532.00 |
58,015.11 |
60,976.82 |
- From others and mission compound
|
303,995.00 |
420,153.39 |
624,209.99 |
- Local partners (ECFE, Mission one, East Africa, sport friends)
|
191,824.94 |
156,262.25 |
123,960.83 |
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External sources |
- Foreign partners ( HFE, HE, BGCT, IMM and others)
|
576,013.81 |
965,000.33 |
1,660,720.16 |
Total |
In Birr |
1,104,365.75 |
1,599,431.08 |
2,471,867.80 |
Notice: 1. This doesn’t include the finance from Global care, BWA, CCRDA and Compassion Ethiopia.
- The expenses are not indicated in this table. The funds here are simply the income summary which doesn’t show expenses of each category. This is only for your understanding.
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Opportunities and challenges
The current challenges of the organization;
Internal challenges:
- Lacking efficient personnel in the office and well equipped pastors in the churches
- Financial constraints especially non-designated funds to implement programs planned by the office
- The working place is not conducive for work. We are now in the iron sheet shelter
- Decline of commitment of the ministers and church people in general for church affairs
External challenges:
- Strong resistance from religious groups in north and east Ethiopia
- Vicious Poverty
Opportunities
- We have the base that helps us as a springboard to expand the Kingdom
- The land we have for the building
- Relationships that we have established with different partners
- We have open door for church planting
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