The archdiocese of Chicago's financial situation is being described
as "unstable" amid sharp declines in parish and school attendance and a
growing number of clerical sex abuse settlements.
In a financial statement released Tuesday the finance team for Chicago Abp. Blase Cupich admitted the archdiocese faces "continued financial pressure" and despite "recent progress, some of [their] parishes and schools have low parishioner and/or student counts, unstable operating results and unsustainable capital repair needs." The 2015 report reveals a decrease of $1 million in parish collections compared to the prior year and a near $5 million loss at the diocesan parish center. Expenses at diocesan schools alone exceeded the tuition and fee intake by $40.2 million last year; the archdiocese of Chicago has nearly 250 elementary schools, seminaries and universities.
http://www.churchmilitant.com/news/article/chicago-archdiocese-unstable-threatened-by-financial-problems
In a financial statement released Tuesday the finance team for Chicago Abp. Blase Cupich admitted the archdiocese faces "continued financial pressure" and despite "recent progress, some of [their] parishes and schools have low parishioner and/or student counts, unstable operating results and unsustainable capital repair needs." The 2015 report reveals a decrease of $1 million in parish collections compared to the prior year and a near $5 million loss at the diocesan parish center. Expenses at diocesan schools alone exceeded the tuition and fee intake by $40.2 million last year; the archdiocese of Chicago has nearly 250 elementary schools, seminaries and universities.
http://www.churchmilitant.com/news/article/chicago-archdiocese-unstable-threatened-by-financial-problems
