USCCB reports $30M operating surplus, major investment losses in 2022
August 22, 2023
» Continue to this story on USCCB
CWN Editor's Note: The United States Conference of Catholic Bishops has published its audited financial statements for 2022.
The USCCB and its affiliates had $275.4 million in operating revenue and $245.4 million in operating expenses in 2022, compared to $203.1 million in operating revenue and $171.6 million in operating expenses in 2021 (p. 4). However, net assets declined from $306.1 million to $268.4 million in 2022, principally because of $75.4 million in unrealized investment losses (p. 3).
45% ($122.6 million) of the USCCB’s operating revenue in 2022 came from government grants and contracts, all of which are for migration and refugee programs (p. 14).
For all current news, visit our News home page.
All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a current donor, log in to see the comment form; otherwise please support our work, and Sound Off!
