The donations were down 18 per cent in 2010. Still the Vatican collected 341 million USD, and made a profit.
The Vatican has returned to profit after three years in the red.
But the donations from the faithful fell nearly euro15 million (USD 22 million), or 18 percent. The reason is tough economic times and a year in which the priest sex abuse scandal exploded.
The Vatican issued its annual financial report Saturday, saying it made a profit of euro 9.85 million (USD 14.3 million).
In 2010 following a loss of euro 4.01 million (USD 5.8 million) a year earlier and losses in 2007 and 2008.
Revenues were euro 245.2 million (USD 356.1 million) against expenses of euro 235.35 million (USD 341.8 million).
In a statement, the Vatican said the results showed a continuing positive trend that began in 2009 but was hampered then by the effects of the global financial downturn.
The separately administered Vatican city state also turned a euro 21.04 million (USD 30.6 million) profit, thanks primarily to booming ticket sales at the Vatican Museums.
But donations from individuals worldwide, the so-called Peter’s Pence, were down US USD14.8 million at US USD 67.70 million in 2010, an 18 percent drop from the year before. No explanation was given in the statement.
The abuse scandal also erupted in 2010 in Europe, traditionally a top source of donations after the U.S. Tens of thousands of people have either formally or informally left the Catholic Church in the wake of reports that priests sexually abused thousands of young people and bishops covered up the crimes.
Source: Huffington Post
Jesus was not to happy with people who turned the Temple in Jerusalem into a market place. He tilted their tables, and drove them out.
To run “a Church” as a business unit, is another example of the wickedness of men.
That the Vatican has “returned to profit” is a message that confirm that the papists are a group of people who have made a religion to make profit.
2 Corinthians 2:17
Unlike so many, we do not peddle the word of God for profit. On the contrary, in Christ we speak before God with sincerity, as those sent from God.
Written by Ivar