Financial Update (as of August 31, 2025)
This summer we completed the $3.2M cash purchase of 125 S. Racine, paid entirely in cash. The generosity that made this possible came largely from gifts given during this fiscal year. That’s why our total revenue appears far above budgeted expectations. At the same time, you may notice our current assets are lower than total revenue. That’s because the cash received was used for the building purchase and is now recorded as a Fixed Asset rather than cash on hand. This acquisition is a major step in positioning Soul City to live out our vision of reaching 5,000 PEOPLE. We are so grateful for the extraordinary generosity that made this milestone possible and excited for the ministry opportunities it unlocks.