I looked at the USOC financial report for the year ending 12/31/11, the latest I found. Fundraising amounted to $41,292,000. This was reduced by $4,804,000 for "Direct Donor Benefits", whatever that may be. So the net contributions were $36,488,000. The Fundraising Expense was listed as $19,191,000. This is 46.4% of the Fundraising number, or 52.5% of the Fundraising number less direct donor benefits. Even if you assume none of the $22,386,000 listed for Sales, Marketing and General Administrative actually went to fundraising in some way, seeing about half of each contributed dollar go to funraising seems excessive. There must be a better way to support the athletes instead of what seems to be fundraising for the fundraisers.
Review from CharityNavigator
We are so proud to have the US Olympic Committee as a key player in our community in Colorado Springs. The USOC brings a positive presence to our city. It is quite inspiring to tour the Olympic training center here in town and see the nation's beloved athletes working together towards fulfilling their dreams and somehow bringing us all along for the ride. It seems unbelievable that this organization and the athletes are not funded by government and knowing that fact makes the organization that much more honorable.
Mr. Shearer, I suggest, rather than lashing out at old information, you take the time to review the organization's latest data as well as the recent news stories about the reduction in salaries improved financial situations.
I think it also important to remember that this organization is responsible for helping to prep, train and organize a multitude of athletes representing their individual sports and America. That type of work can not be done in a vacuum and requires dedicated professionals who certainly can not be asked to provide their services for free.
Review from Guidestar