cla-annual-report

COLLECTION FOR THE CHURCH IN LATIN AMERICA Statement of Revenues, Expenses, and Other Changes in Net Assets for the Year Ending December 31, 2022

REVENUES National Collections Contributions

$6,215,715

Income on Investments

$977,122

Total Revenue

$7,192,837

EXPENSES Grants and Donations*

$5,213,083 $473,323 $451,835 $294,865

79.98% 7.26% 6.93% 4.52% 1.30% 100%

Program Costs

Allocations-Internal Grants**

Promotions and Fundraising Expenses

Administrative Expenses

$84,662

Total Expenses

$6,517,768

Total Expenses, Excluding Internal Grants

$6,065,933 $5,664,918

Total Grants & Donations, Including Internal Grants

79.98% 7.26% 6.93% 4.52% 1.30%

TOTAL EXPENSES

Changes in Net Assets from Operations Non-Operating Activities: Unrealized Loss on Investments

$675,069

($3,323,443) ($2,648,374) $11,271,094 $8,622,720

Changes in Net Assets

Net Assets at the Beginning of the Year Net Assets at the End of the Year

Total Number of Grants Approved

251

Total Amount Approved

$6,583,605

*Grants approved in 2022 totaled $6,583,605. Grants and donations in 2022 totaled $5,664,918, including payments and write-offs to grants approved in 2022 and prior years. **Internal grants include a distribution from the Collection for the Church in Latin America to the USCCB’s International Justice and Peace program. This grant fund U.S. advocacy and policy advisory work for Latin American countries and issues.