3 | | 2008 Profit/Loss |
| 3 | == Overview == |
| 4 | |
| 5 | May First/People Link has continued our trend of staying in the black. Our expenses roughly average between $4,000 and $5,000 per month and we maintain between $5,000 an $10,000 in the bank. |
| 6 | |
| 7 | Both income and expenses have been slowly rising. We have failed to achieve an economy of scale for two principal reasons: |
| 8 | |
| 9 | * Bad timing on expansion: our biggest expansion decision came during the summer of 2007, when the economy was at its height. Since we couldn't afford to expand at Telehouse, we instead starting up with a new colo center. |
| 10 | * Memberships are using more resources, but we are not increasing dues |
| 11 | * New expenses: we are now paying rent for our offices and we've started spending more money on travel (US Social Forum/Conferences). |
| 12 | |
| 13 | == Outlook for 2010 == |
| 14 | |
| 15 | August 2010 we will be renewing our contract with Bandcon. The Telehouse contract is not up until August 2011. |
| 16 | |
| 17 | == 2008 Profit/Loss == |
| 18 | |
| 19 | === Income ==== |
| 20 | {{{ |
| 21 | Book Sales 220 |
| 22 | Donations 650 |
| 23 | Expense Pass Through 75 |
| 24 | Hosting 66,162 |
| 25 | Interest 41 |
| 26 | Total $67147.83 |
| 27 | }}} |
| 28 | |
| 29 | === Expense === |