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, 2023 REVENUES National Collections Contributions $6,660,208 Income on Investments $109,870 Total Revenue $6,770,078

EXPENSES Grants and Donations*

$4,443,164 $470,875 $452,946 $267,005

77.60% 8.22%

Allocations-Internal Grants**

Program Costs

7.91%

Promotions and Fundraising Expenses

4.66% 1.61% 100%

Administrative Expenses

$91,957

Total Expenses

$5,725,947

Total Expenses, Excluding Internal Grants

$5,255,072 $4,914,039

Total Grants & Donations, Including Internal Grants

77.60% 8.22% 7.91%

4.66% 1.61%

TOTAL EXPENSES

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

$1,044,131

$1,444,584 $2,488,715 $8,622,720

Changes in Net Assets

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

$11,111,435

*Grants approved in 2023 totaled $6,227,608. Grants and donations in 2023 totaled $4,914,039, including payments and write-offs to grants approved in 2023 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 funds US advocacy and policy advisory work for Latin American countries and issues.