Audit shows Boston Archdiocese is $46M in red, ministries at risk

.- The Archdiocese of Boston released a two-year audit Wednesday that showed it running a $46.3-million deficit, largely caused by the massive sexual abuse scandal which erupted there in the early 2000’s.
The audit, which covered the 2004 and 2005 fiscal years, also shows assets of nearly $330 million, but most of the money is restricted or earmarked for specific purposes.

According to the audit, the annual appeal donations that totaled $15.5 million in 2001 dropped to $11.6 million in 2005.

The decrease in revenue over previous years puts Catholic programs and ministries at risk “have never been more needed,” wrote Cardinal Sean O'Malley in a letter to parishioners that accompanies the 1,000-page audit report.

He attributed the decrease to “the anger over the sexual abuse crisis and the closing of parishes” and said the community must focus “on the long process of healing” ahead. He also referred to the drop in mass attendance, the low numbers of priests and fewer students at Catholic school. He said the trends must be reversed to create new Catholic leaders in the church and society at large.

The audit was conducted in part because critics had demanded more information about the archdiocese's finances after a massive settlement in 2003 for more than 550 people who were sexually abused by priests.

The audit also follows through on a promise Cardinal O'Malley made for better financial disclosure last fall, when the state Legislature was debating a bill that would have required all religious organizations to file annual financial reports with the state. The bill was defeated in the House in January.

Ads by AdsLiveMedia(What's this?)

* The number of messages that can be online is limited. CNA reserves the right to edit messages for content and tone. Comments and opinions expressed by users do not necessarily reflect the opinions or beliefs of CNA. CNA will not publish comments with abusive language, insults or links to other pages


Ads by Google (What's this?)

Featured Videos

#PAUSEforPeace Initiative
#PAUSEforPeace Initiative
Dedicating art to San Juan de la Cruz
A state without territory elects new government
The renewal of the Legionaries of Christ
Presentation of the book "The Pastor"
Synod on the Family October 2014
Preferential option for the poor
God is alive, even in sport
'A forbidden God' named Best Film at the International Catholic Film Festival
Vatican backs a 'Pause for Peace' during World Cup final
The effects of religious violence in Sarajevo 
The origin of Corpus Christi 
Corpus Christi at the Vatican 
Homage to an Indian Cardinal
Train of the Child's Light
New book explaining gestures of the Mass
Encounter between Pope Francis and the Charismatic Renewal in the Spirit Movement.
Religious tensions subside amid Balkan floods
John Paul II Center for Studies on Marriage and Family
Saint John Paul II on cartoon

Liturgical Calendar

July 28, 2014

Monday of the Seventeenth Week in Ordinary Time

All readings:
Today »
This year »

Catholic Daily

Gospel of the Day

Mt 13:31-35


Daily Readings

First Reading:: Jer 13: 1-11
Gospel:: Mt 13: 31-35

Saint of the Day

St. Victor I, Pope »


Homily of the Day

Mt 13:31-35


Ads by AdsLiveMedia.com

Ads by AdsLiveMedia.com
Text only

Follow us: