Thursday, October 11, 2012

It must suck to be on the other side, part 3,560

Oct. 10, 2012



The first page of Brady Campaign's latest IRS Form 990, for 2010. By way of comparison:

Revenue Expenses Assets minus liabilities

2004 7.4 million 7.8 million 197,000

2008 4.1 million 4.2 million -838,000 (yes, a negative)

2009 3.4 million 3.6 million -564,000

2010 2.8 million 3.1 million -768,000

Their donor base is spiraling down, they haven't been able to cut expenses that far, and I assume are covering the gap by continual borrowing -- most recently, of 25% of their budget.

In 2010, salary expenses were $1.25 million and professional fundraising $228,000, meaning that over half their revenue went to those two purposes. If we take total salary expense (1.25 million) and deduct the salary for their seven best paid people ($992 K), We're left with about $258,000 payroll for anyone else. In DC, government secretaries draw $27 - 37,000, so that's probably not enough to pay a receptionist and give each of the seven a secretary. I'd guess total headquarters staffing as a dozen people or so. Salary expenses dropped by $100K between 2009 and 2010, so they probably let several people go.

Elsewhere on the form they report counting as "members" anyone who had donated $15 or more in the last two years.

· antigun groups


Source: Arms and the Law

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