Reversing deficit, USCCB improves its financial position in 2021
August 31, 2022
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CWN Editor's Note: The US Conference of Catholic Bishops has posted its audited financial statements for 2020 and 2021.
At the end of 2020, the USCCB had $365.2M in assets and $110.2M in liabilities. At the end of 2021, assets rose to $408.9M, and liabilities fell to $102.7M.
In 2020, the USCCB had $150M in operating revenue (including $47.8M in government contracts and grants) and $173.1M in operating expenses. In 2021, the USCCB reversed this operating deficit, with $203.1M in operating revenue (including $67.5M in government contracts and grants) and $171.6M in operating expenses.
The government grants and contracts were for Migration and Refugee Services; these grants increased significantly in 2021 because of a new line item for Afghan refugee evacuation and resettlement.
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