Yesterday, the Archdiocese of Philadelphia released its audited financial statements for the fiscal year ended June 30, 2020. These statements illustrate a positive result in terms of the core operating budget for the past fiscal year and an improvement of over $190 million in the underfunded balance sheet obligations over the past 8 years.
Click here for additional information. A complete copy of the audited financial statements for the Office for Financial Services (OFS) for the fiscal years ended June 30, 2020 and June 30, 2019 can be found at https://catholicphilly.com/
The audited financial statements for OFS do not include financial results for the Office of Catholic Education, Catholic Social Services, Saint Charles Borromeo Seminary, or the Catholic Charities Appeal as all are separate entities.
