I just checked the report on WNYC on the
Charity Navigator website. Interesting reading.
In 2009 (the last year for which figures are available), WNYC had a
surplus (which is what commercial enterprises would call "profit") of over $13-million. That's 23 per cent out of a total revenue of more than $56.2-million. Anybody know of commercial stations making a 23 per cent profit? Take away six per cent of revenue they got from CPB and they still have almost $52.9-million in revenue and a profit of about $9.7-million (18 per cent).
Right, congress will "kill" WNYC! A lot of station managers would kill to get that kind of profit.
Laura Walker, the boss, got $464,199 in annual salary (1.07 per cent of expenses all by herself) - even more than Brian Leherer.
Fund raising expenses are 17.7 per cent; administration is 8.1 per cent. 74.1 per cent of the money goes for programming. That last percentage probably includes the new building and WQXR. Imagine what the profit margin would be in they'd gotten low-rent quarters (more comparable to what they had in the Municipal Services Building). And even if next year they don't
receive tax money, they will still be a non-profit, so they won't
pay taxes either.
Their fund-raising efficiency is actually better than most public radio stations: They spend 15-cents to bring in a dollar.
If you donate, WNYC's privacy policy allows them to
sell, trade or share your name and other information to other groups, organizations and companies. You can opt out but you have to make the move to do so.
In all fairness, WNYC gets a good (not great) rating from Charity Navigator and their rating is better than many other public radio stations.
WFUV is part of Fordham University and is not reported separately.