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The Catholic Church in America: Earthly Concerns: A Financial Audit by The Economist

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Source The Economist: The Economist estimates that annual spending by the church and entities owned by the church was around $170 billion in 2010 (the church does not release such figures). We think 57% of this goes on health-care networks, followed by 28% on colleges, with parish and diocesan day-to-day operations accounting for just 6% and national charitable activities just 2.7% (see chart). In total, Catholic institutions employ over 1m people, reckons Fred Gluck, a former McKinsey managing partner and co-founder of the National Leadership Roundtable on Church Management, a lay organisation seeking to improve the way the church is run. For purposes of secular comparison, in 2010 General Electric’s revenue was $150 billion and Walmart employed roughly 2m people.

 

 

The church is the largest single charitable organisation in the country. Catholic Charities USA, its main charity, and its subsidiaries employ over 65,000 paid staff and serve over 10m people. These organisations distributed $4.7 billion to the poor in 2010, of which 62% came from local, state and federal government agencies…

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Posted by on August 21, 2012. Filed under Americas,Belief,Bible,Business,Church,United States. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.