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Have you ever looked at the annual expenditures of the entire Church [0]? Most of their income comes from interest on investments, and they manage their money w
by myWindoonn 6y ago
Have you ever looked at the annual expenditures of the entire Church [0]? Most of their income comes from interest on investments, and they manage their money well enough to cover their entire operating expenses and make a tidy profit which stays within the Church.
The story that the Church donates most of its money "to help the poor and disadvantaged" is a reassurance which is meant to paper over the fact that the Church is not a very transparent organization.
In terms of bringing in money, the vast majority of parishes and dioceses are on Church-owned land and have some sort of tax benefit or writeoff. This makes them far more stable than their surrounding community members, and somewhat ruins the image of the humble parish priest simply trying to spread the Good Word; his employer is certainly not humble in wealth.
[0] http://www.ior.va/content/dam/ior/documenti/rapporto-annuale/IOR_AnnualReport_EN_2014.pdf http://www.ior.va/content/dam/ior/documenti/rapporto-annuale...
- jawns 6y agoYou are mistaken that the IOR represents the annual expenses/income of the church, or even a large part of it. The IOR is a bank that provides financial services to Catholic institutions, such as religious communities and Vatican offices. When money is held, it's put in very low-risk, liquid investment accounts, such as government bonds. The clients of IOR use it so they can carry out religious and charitable operations worldwide.