My Nonprofit Reviews
Review for UNITED STATES OLYMPIC COMMITTEE, Colorado Spgs, CO, USA
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.
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