Contextual Background

Earlier today, 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, 2022. Those statements illustrated a modest surplus in the core operating result for the past fiscal year and an improvement of over $217.8 million against underfunded balance sheet obligations over the past ten years.

The Archdiocese of Philadelphia indicated at that time it would publish similar statements from other entities separately.

Today’s Announcement
The Archdiocese of Philadelphia has published the Philadelphia Theological Seminary of Saint Charles Borromeo (SCBS) audited financial statements for the fiscal year ended June 30, 2022.

A complete copy of the audited financial statements for SCBS can be found at https://catholicphilly.com/.

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Editor’s Note: Founded in 1832, Saint Charles Borromeo Seminary has been forming men for priestly service in the Catholic Church for more than 180 years.  In August 2020, the seminary reported an overall enrollment of 154 seminarians.  Saint Charles’ seminarian population is becoming increasingly diverse with approximately 30% of its students now coming from Asian, Latino, or African countries or nationalities. Of the 25 new seminarians, six are seminarians studying for the Archdiocese of Philadelphia, and there are 75 new or returning seminarians for the Archdiocese of Philadelphia studying at St. Charles. With the generosity of many, these young seminarians are able to successfully transform into the compassionate and loyal priests and inspiring leaders of tomorrow’s Church.

For more information, visit www.scs.edu and on Facebook, Twitter, Linked In, Instagram and YouTube.

Contact: Kenneth A. Gavin
Chief Communications Officer
215-587-3747 (office)