The Philadelphia Archdiocese's $11.6 Million Mystery

The church is far from candid about its supposed price tag for responding to its sex-abuse charges.

By Tara Murtha
Add Comment Add Comment | Comments: 3 | Posted Sep. 5, 2012

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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.

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COMMENTS

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1. Isabel said... on Sep 5, 2012 at 06:41PM

“What ? You don't believe in miracles?
The money will appear !
Like they taught us in Catholic School.”

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2. David said... on Sep 6, 2012 at 04:44AM

“
My diocese "the Diocese of Rockville Center" here in N.Y. has a seminary in Lloyd Harbor that has been assesed at $100,000.
THE ORNATE BRONZE GATES ARE WORTH MORE THAN $100k.

Take a look at this...
http://www.whattheyknew.com/

Btw -
I can't believe the Republicans and Democrats are allowing the likes of Dolan into their Conventions. I mean, Isn't he the Lavendar Loser that offered Pedophile Priests $20,000 parachutes? ?

When will people simply "Wake Up"?”

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3. friend said... on Sep 9, 2012 at 05:51PM

“
RICO laws should apply to the Archdiocese of Philadelphia and, most probably, every diocese in the USA!”

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