In early December 2021, the Archdiocese of Philadelphia published audited financial statements for the Office for Financial Services, its Pastoral Center entity, for the fiscal year ended June 30, 2021.
The narrative accompaniment to those statements illustrated a core operating result with a modest recurring surplus, excluding depreciation expense, of $2.7 million for the past fiscal year. They also illustrated an improvement of $324.9 million against underfunded balance sheet obligations over the past nine years.
At that time, the Archdiocese indicated it would publish similar statements for additional separate entities.
Audited financial statements for the fiscal year ended June 30, 2021 for the 14 entities listed below were published on www.CatholicPhilly.com today.
- Office of Catholic Education: Administration Account
- Office of Catholic Education: High Schools
- Office of Catholic Education: Schools of Special Education
- Archdiocese of Philadelphia Catholic Charities Appeal Fund
- Catholic Community Services of the Archdiocese of Philadelphia
- Catholic Housing and Community Services of the Archdiocese of Philadelphia
- Catholic Social Services of the Archdiocese of Philadelphia
- Communities of Don Guanella and Divine Providence
- Nutritional Development Services of the Archdiocese of Philadelphia
- Saint Edmond’s Home for Crippled Children
- Saint Francis-Saint Joseph Homes for Children
- Saint Gabriel’s System
- Saint John’s Hospice
- The Philadelphia Theological Seminary of Saint Charles Borromeo
Additionally, none of the reports released by the Archdiocese include financial statements for individual parishes. All parishes are independent and autonomous entities.
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Editor’s Note: Complete copies of the audited financial statements for the Office for Financial Services for the fiscal years ended June 30, 2021 and June 30, 2020 can be found at https://catholicphilly.com/2021/12/uncategorized/2019-2020-audited-financial-statements-of-the-archdiocese-of-philadelphia-2-2/.
Contact: Kenneth A. Gavin
Chief Communications Officer
215-57-3747 (office)