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Financial Info

2004-2007 Financial Information for ProCon.org
 

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.
II. 2007 vs. 2004 - 2006 Expenses: A Graphical Breakdown

 

graph

 

III. Detailed Chart of Financial Data, 2004 – 2007

 



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) $ 725,245 100% $ 516,726 100% $ 373,120 100% $ 86,326 100%

- Total $ 725,245 100% $ 516,726 100% $ 373,120 100% $ 86,326 100%
2. Efficiency of Expenditures:

- Program Services Expenditures* $ 620,836 91.0% $ 496,436 91.4% $ 319,027 92.2% $ 77,629 90.4%

- Management and General Expenses** $ 42,674 6.3% $ 32,512 6.0% $ 27,128 7.8% $ 8,173 9.6%

- Fundraising Expenses $ 18,541 2.7% $ 14,000 2.6% 0 0 0 0

- Total $ 682,051 100% $ 542,948 100% $ 346,155 100% $ 85,802 100%
3. Excess <Deficit> of Operating Revenue
over <under> Expenses:

$ 43,194

-

<$26,222>

-

$ 26,965

-

$ 525

-


4. Balance Sheet: as of 12/31/07 as of 12/31/06 as of 12/31/05 as of 12/31/04

Assets:

- Cash and Cash Equivalents $ 74,599 - $ 17,183 - $ 33,746 - $ 534 -

- Receivables $ 3,200 - $ 2,720 - 2,098 - 0 -

- Total Assets $ 79,799 - $ 19,903 - $ 35,844 - $ 534 -

Liabilities:

- Payables and Accrued Expenses $ 35,337 - $ 18,636 - $ 8,354 - $ 10 -

- Total Liabilities $ 35,337 - $ 18,636 - $ 8,354 - $ 10 -

Equity:

- Net Worth $ 44,462 - $ 1,268 - $ 27,489 - $ 525 -

Total Liabilities and Net Worth $ 79,799 - $ 19,903 - $ 35,844 - $ 534 -

IV. Definitions of Terms Used
[Definitions provided by the Internal Revenue Service - http://www.irs.gov/instructions/i990-ez/ar02.html#d0e5239]
Program services are mainly those activities that the reporting organization was created to conduct and which, along with any activities commenced subsequently, form the basis of the organization's current exemption from tax.

Overall management expenses usually include the salaries and expenses of the chief officer of the organization and that officer's staff. General expenses include those for meetings of the board of directors or similar group; committee and staff meetings (unless held in connection with specific program services or fundraising activities); general legal services; accounting (including patient accounting and billing); general liability insurance; office management; auditing, personnel, and other centralized services; preparation, publication, and distribution of an annual report; and investment expenses.

Fundraising expenses are the total expenses incurred in soliciting contributions, gifts, grants, etc.