2023 FINANCIAL SUMMARY

Catholic Relief Services ensures the funds you have so generously entrusted to us go where they are needed most. In the interest of stewardship, only summary financial information is provided in the annual report.

For complete financial statements, including auditor’s notes, please view our 2023 financials or call 877-435-7277.

STATEMENT OF ACTIVITIES (in thousands)

	2023	2022
OPERATING REVENUE	$	$
	Total Funds	Total Funds
Private support	284,098	325,904
Public support	1,176,089	1,131,698
Investment and other income	1,434	185
Total	1,461,621	1,457,787

OPERATING EXPENSES
Program services	1,398,395	1,331,573
Supporting services	88,622	91,350
Total	1,487,017	1,422,923

CHANGE IN NET ASSETS FROM OPERATIONS	(25,396)	34,864

NON-OPERATING REVENUE AND EXPENSES	31,681	(12,310)

CHANGE IN NET ASSETS	6,285	22,554

Net assets, beginning of period	292,687	270,133
Net assets, end of period	298,972	292,687

REVENUE (in thousands)

	2023	2023
PRIVATE SUPPORT	$	%
CRS collection	6,849	0.47
CRS Rice Bowl	7,948	0.54
Other private contributions	167,502	11.46
Foundation and other private grants	65,876	4.51
Bequests	35,923	2.46
Total	284,098	19.44

PUBLIC SUPPORT
Donated non-financial assets	493,201	33.73
USG grants	521,300	35.67
Other public grants and contributions	161,588	11.06
Total	1,176,089	80.46

OTHER
Investment and other income	1,434	0.10
TOTAL	1,461,621	100.00

EXPENSES (in thousands)

	2023	2023
PROGRAM SERVICES	$	%
Agriculture	107,117	7.20
Water	13,178	1.89
Education	111,109	7.47
Emergency	815,825	54.87
Small Enterprise	5,969	0.40
Health	286,137	19.24
Peace and Justice	35,200	2.37
Partner Capacity Strengthening	23,860	1.60
Total	1,398,395	94.04

SUPPORTING SERVICES
Management and general	50,401	3.39
Public awareness	8,985	0.60
Fundraising	29,236	1.97
Total	88,622	5.96
TOTAL	1,487,017	100.00

2023 FINANCIAL SUMMARY

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