CBWC Finances 2012
The CBWC’s 2012 Financial Statements show that the CBWC achieved a surplus of $24,949 — its first in four years — through strict cost savings despite a 9% shortfall in income, about $280,000, on a budget of $3.043 million.
The CBWC achieved the surplus by cutting about $230,000 in costs when compared to the 2011 budget.
The CBWC is experiencing a general trend of declining income. The denomination received $1,729,099 of its income from its member churches and $1,034,443 from investments made through the CBWC Foundation and from other sources in 2012. Both sources of 2012 income were below levels achieved in previous years.