Are you getting what you pay for?
All you folks lining up with your open checkbooks to rub elbows with former President Bill Clinton at the Trenton First “fundraiser” might want to check this out first.
Seems the Trenton First initiative ran a $1300 deficit last year according to the report filed with the State of NJ Charitable Registration Directory.
While a non-profit running a loss in this economy is not such a big deal…and the loss is not a huge amount (about 3% of the reported operating budget) a look at the rest of the numbers tells an interesting story.
Trenton First reported $43, 280 in direct public contributions and $44,583.00 in total expenses. However, only a little more than $5,138.00 was spent on program expenses (the “good works” of the non-profit). That is only 12% of the operating budget spent delivering on the organization’s mission. The other 88% of expenses came in two chunks: $8,875 (20%) for management and a whopping $30,570 (68%) in fundraising expenses.
So remember folks, as you write your checks tomorrow night, only 12 cents of every dollar you give to Trenton First goes towards it alleged purpose. Twenty cents of each dollar you give goes to “management” and the rest goes to cover the costs of convincing you to hand over your hard-earned bucks.
Edited after posting to remove a broken link.