Quote:
Originally Posted by Oling_Roachinen
So the charitable disbursement accounts for 2.6M. Where's the other 8M+ we are discussing? Not a snarky reply, genuine question given the assertion that it should be easy to figure out.
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So that view is just June 2017 to June 2018.
Based on what I see there it's.
$4.4M Revenue
-
$0.5M Expenses
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$2.7M Charitable Disbursement
= $1.2M in Revenue Savings for the fiscal year/
My guess is if you went back through the last 5-6 years of their financial reports. They would have $1.0-$1.5M of saved revenue each year - adding up to the $8M the CBC report shared.
It's also not clear how exactly CBC got to $0.30 per dollar raised being shared to charities - according to the high level financial report it was $2.7M donated out of $4.4M raised for last year or much closer to 0.60 and very much in line with the other groups. Plus only 0.10 per dollar going to expenses which seems pretty good, and not at all in line with the CBC claim of the fundraising costs taking up too big of a chunk of the money. I feel like the CBC is actually really bad at being transparent in their own findings in these cases, and likes to be very alarmist while not sharing the full picture.
The real question now is what are they saving that money up for because it's hard to see if that's really a problem until they share that info. Or if it's more to Locke's point (below) and they are actually doing too good of a job at raising the money without actually having a plan on how to spend it.