It is always fascinating to me when folks toss financials around.
Since this whole brouhaha kinda started with Mr. Flaherty and his NLPC, a non-profit like Rainbow/PUSH I decided to fling a few numbers myself.
The latest info available is from 2000.
The NLPC reported total income of $611, 207, they reported total expenditures for their programs at $331, 928 that represents about 54% of their income. So of their income just bit over half was used to promote their cause.
They also reported that $142, 110 was spent on fundraising, that is 23% of their total income. Might sound reasonable, but let us dig a little deeper.
The total monies paid for personnel was $281, 568. Salary paid to the two top guys of which Mr. Flaherty is one was $163,000, the toal for all other empoyees salary was $79,124. Interestingly they charged $259, 904 of the $281,568 to program services. Great sounds like the employees work all the time for the goals of the organization. (BTW, if ya add the salary numbers up they will total personnel dollars, this is because payroll expenses are not included in the salary numbers)
But one might question the charging of so many of the payroll dollars to program services. Here is why.
The only two other expense items of significant monies are Postage and Shipping at $88,160 and Printing and Publication at $55, 671. A total for these two items of $143,831. But oddly in light of the percentage of time the employees spend on program services which was around 92%, the purpose of the two expense items break out quite a bit differently. Of the $143,831 spent $124,203 was expensed to fund raising, that is around 86% of the total. If the employees are spending 92% of their time on program services how did they ever find the time to spend 86% of the other two big expenses on fundraising?
There may or may not be a story here...beats me. But since someone else mentioned the Rainbow/PUSH numbers thought it would be fun to look at the other glass house.........