The church is far from candid about its supposed price tag for responding to its sex-abuse charges.
The fact of the matter is that despite several local attempts, no one has yet been able to access the true wealth of the Philadelphia Archdiocese, let alone the Roman Catholic Church at large. Not even The Economist, which published a story about attempting to do just that last month, has been able to uncover the true wealth of the Roman Catholic Church’s finances.
Due to “the overall lack of openness,” The Economist’s investigators were left to extrapolate estimates from records discovered during formal bankruptcy proceedings, pretty much the only window into the Church’s financial affairs in the U.S.
It’s an interesting read with a stark three-word conclusion about the church’s money: An unholy mess.
The Breakdown is written by PW’s senior writer Tara Murtha, who regularly reports on urban violence, policy, gender, and any other social-justice issues we can think of.
Election Day 2014: Tues., Nov. 4