2004-2007 Financial Information for ProCon.org
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I. 2007 Financial Summary
In 2007 ProCon.org received total gross income from donations of $725,245 up from $516,726 in 2006. Of our $725,245 in 2007 expenses, $620,836 (91.0%) was spent on program services, $42,674 (6.3%) on management and general expenses, and $18,541 (2.7%) on fundraising expenses. ProCon.org operates with such a high percentage of its expenditures in program services for several reasons including: so far we pay no rent, we incur no accounting expenses, we spend small amounts to yield large amounts of funds raised, our operation is remarkably efficient, and our Chairman has refused a salary since we started.
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| For the 12 Months Ending Dec. 31, 2007 |
% of Total | For the 12 Months Ending Dec. 31, 2006 |
% of Total | For the 12 Months Ending Dec. 31, 2005 |
% of Total | For the 6 Months Ending Dec. 31, 2004 |
% of Total | ||
| 1. Fundraising: | |||||||||
| - Total Contributions (Unrestricted) | $ 725,245
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100%
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$ 516,726
|
100%
|
$ 373,120
|
100%
|
$ 86,326
|
100%
|
|
| - Total | $ 725,245
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100%
|
$ 516,726
|
100%
|
$ 373,120
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100%
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$ 86,326
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100%
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| 2. Efficiency of Expenditures: | |||||||||
| - Program Services Expenditures* | $ 620,836
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91.0%
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$ 496,436
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91.4%
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$ 319,027
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92.2%
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$ 77,629
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90.4%
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| - Management and General Expenses** | $ 42,674
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6.3%
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$ 32,512
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6.0%
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$ 27,128
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7.8%
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$ 8,173
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9.6%
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| - Fundraising Expenses | $ 18,541
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2.7%
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$ 14,000
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2.6%
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0
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0
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0
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0
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| - Total | $ 682,051
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100%
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$ 542,948
|
100%
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$ 346,155
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100%
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$ 85,802
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100%
|
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| 3. Excess <Deficit> of Operating Revenue |
$ 43,194 |
- |
<$26,222> |
- |
$ 26,965 |
- |
$ 525 |
-
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| 4. Balance Sheet: | as of 12/31/07 |
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as of 12/31/06 |
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as of 12/31/05 |
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as of 12/31/04 |
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| Assets: |
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| - Cash and Cash Equivalents | $ 74,599
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-
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$ 17,183
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-
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$ 33,746
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-
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$ 534
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-
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| - Receivables | $ 3,200
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-
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$ 2,720
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-
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2,098
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-
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0
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-
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| - Total Assets | $ 79,799
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-
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$ 19,903
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-
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$ 35,844
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-
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$ 534
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-
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| Liabilities: | |||||||||
| - Payables and Accrued Expenses | $ 35,337
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-
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$ 18,636
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-
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$ 8,354
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-
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$ 10
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-
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| - Total Liabilities | $ 35,337
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-
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$ 18,636
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-
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$ 8,354
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-
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$ 10
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-
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| Equity: | |||||||||
| - Net Worth | $ 44,462
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-
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$ 1,268
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-
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$ 27,489
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-
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$ 525
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-
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| Total Liabilities and Net Worth | $ 79,799
|
-
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$ 19,903
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-
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$ 35,844
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-
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$ 534
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-
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