According to the report, we have experienced an increase in revenue from assessments due to growth in offertory income in parishes, rebounding from COVID and growth in the Catholic population since the pandemic began in 2020. Additionally, the investments of the Diocese of Charleston have continued to perform strongly, which bolsters our long-term financial position.

Regarding expenses, we are continuing to evaluate how we work and trying to find efficiencies to better steward the funds in our care. We are embarking on several initiatives that will allow us to streamline processes and enable our human capital to function in more of a consultative capacity to our parishes, ministries and schools.

We continue to prioritize funding activities that support the mission of the Church, primarily through the Catholic Appeal of South Carolina. As we begin the first year of Via Fidelis, we will be focusing our endeavors heavily around the evangelizing initiatives of the Church in 2025 and on supporting the expansion of Catholic education across the state.

I invite you to view the full report on our website at charlestondiocese.org/finance/audits, located under Chancery Audits. We have provided a summary here.

The financial operations of the diocese are sustained by the generosity of the faithful throughout South Carolina. I thank all our parishioners, donors and benefactors for their continued efforts to build up the local Church.

On behalf of all Chancery staff and the Office of Finance, I thank you! May God bless you and your families throughout this new year.

“The LORD will open up for you his rich storehouse, the heavens, to give your land rain in due season and to bless all the works of your hands” (Dt 28:12).

Support & Revenue

• Parish Assessment Income $9,104,049
• Contributions and Grants $6,225,980
• Net Investment Return $6,831,022
• In-kind Gifts $452,391
• Net Supporting Services Fees $1,505,294
• Other Revenue $ 4,286,237
• Other Non-Operating Income $316,732

Total Support & Revenue $28,721,705

Use of Funds

Program Services

• Pastoral $8,948,677
• Church Personnel $2,250,741
• Diocesan Services $4,847,678
• Education $2,245,021
• Cemeteries $1,161,286
• Other Program Services $51,592
• Interest Expense $2,735,670

Total Program Services $22,240,665

Supporting Services & Other

• General and Administration $4,024,708
• Institutional Advancement $ 456,806

Total Supporting Services & Other $4,481,514

Total Use of Funds $26,722,179

Change in Net Assets $1,999,526

Net Assets, Beginning of Year $74,379,436

Net Assets, End of Year $76,378,962