flipboooks/crs-annual-report

THE CATHOLIC RELIEF SERVICES COLLECTION Statement of Revenues, Expenses, and Other Changes in Net Assets for the Year Ending December 31, 2023

REVENUES National Collections Contributions

$13,669,210

Income on Investments

$264,489

Total Revenue

$13,933,699

EXPENSES Grants and Donations*

$8,137,188 $4,608,138

61.82% 35.01% 2.78% 0.39% 100%

Allocations-Internal Grants**

Promotions and Fundraising Expenses

$366,142

Program Costs

$51,790

Total Expenses

$13,163,258 $8,555,120 $12,745,326

Total Expenses, Excluding Internal Grants

Total Grants & Donations, Including Internal Grants

2.78% 0.39%

61.82%

35.01%

TOTAL EXPENSES $13,163,258

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

$770,441

$3,476,873 $4,247,314 $26,068,210

Changes in Net Assets

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

$30,315,524

*Grants and donations in 2023 totaled $12,745,326 and included payments to grants approved in 2023 and in prior years. **Internal grants include distributions from The Catholic Relief Services Collection for USCCB programs for migration and refugee services, education and outreach on Catholic social teaching, international peacebuilding efforts, and pastoral ministries to ethnic groups and people on the move.