Version 3 (modified by 14 years ago) ( diff ) | ,
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Financial Report
Overview
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.
Both income and expenses have been slowly rising. We have failed to achieve an economy of scale for two principal reasons:
- 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.
- Memberships are using more resources, but we are not increasing dues
- New expenses: we are now paying rent for our offices and we've started spending more money on travel (US Social Forum/Conferences).
Outlook for 2010
August 2010 we will be renewing our contract with Bandcon. The Telehouse contract is not up until August 2011.
2008 Profit/Loss
Income
Book Sales 220 Donations 650 Expense Pass Through 75 Hosting 66,162 Interest 41 Total $67147.83
Expense
Bank Charges 726 Computer Hardware 8,797 Conference Registration 315 Disability 5 Food/Entertainment 237 Internet 37,840 Lodging 175 Membership dues and subs 125 Misc. 789 Postage 212 Printing 509 Telephone/Faxing 270 Transportation - Out of Town 2,051 Workers Comp 34 Total Expenses $52086.78 NET 15061.05
The profit/loss over states profits since we have a lot of uncollected invoices.
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