In February we provided a financial report indicating that the finances for the ministry had become critical. We indicated that our operating income between 2005 and 2006 had decreased 18.9%. At the same time the continuing devaluation of the US dollar relative to the Brazilian Real was eroding the available funds to an expanding ministry.
Immediate Challenge?The immediate need was to increase the monthly giving to $14,000/month, an increase of $4,000/month to maintain the ministry at the current level. In addition, these was a need to restore the operating cash by a minimum of $40,000 within the next 60 days.
Response of God?s People?As of April 30 WorldVenture had received $41,387 in special one time gifts. Several individuals and churches have indicated that an additional $23,500 is being sent to WorldVenture this month resulting in almost $65,000 in one-time gifts in response to our urgent appeal. Praise God!
Regarding our need to raise $4,000 in monthly commitment to the ministry the results are not as encouraging. We have confirmed commitments for about $850/month of additional funding of the ministry. We are continuing to focus on the need to raise commitments of additional $3,150/month plus money to compensate for the further devaluation of the US Dollar. This has been further complicated with an additional 4% devaluation of the US Dollar in the two months which will require an additional $500/month or $3,650 per mo. With the first goal exceeded we have a few months to focus on raising monthly commitments.
Paulo, Ireni, and the ministry staff in Brazil are grateful and wish to express heart felt appreciation for God working in each of your lives. READ MORE
