Vatican Back in the Black

Church pulls in $14.3M, makes profit for first time in three years
By Polly Davis Doig,  Newser Staff
Posted Jul 2, 2011 7:28 AM CDT
Pope Benedict XVI delivers his blessing during the Angelus prayer he celebrated from the window of his studio overlooking St. Peter's square at the Vatican, Wednesday, June 29, 2011.   (AP Photo/Pier Paolo Cito)
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(Newser) – Good news: The Vatican returned to the black last year, after three straight years in the red. The Catholic Church pulled in $14.3 million, it said in its annual financial report today, while the Vatican city state made $30.6 million, fueled largely by ticket sales at the Vatican Museums. The downside is that individual donations plummeted by 18%—almost $14.8 million—probably caused by the priest sex abuse scandal that re-erupted last year, notes the AP.

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