Principled lefty blogger Michael Petrelis has read through HRC’s recently released 2010 IRS 990 filings so you and I don’t have to. Among other things, he found that the Democratic front group gay advocacy organization saw a steep drop in its revenue:
The annual report shows that revenue for 2009 was at $45,792,310, and for 2010 it was $37,918,133. The difference comes to $7,874,177, which is a drop of 17%.
The lousy economy certainly played a role in that steep fall, but my gut also says a significant portion of the decline is due to more gays not donating to HRC.
Wonder if being White House lickspittles had anything to do with that drop-off in donations. Read the whole thing to see what other tidbits Petrelis pulled out.
Building on Petrelis’ post, Ryan Tedder at Queerty quips, “Luckily, if you work at HRC you wouldn’t have noticed any budget problems in your paycheck“:
Digging through the forms that he’s been urging HRC to release, Michael Petrelis finds in salary and benefits, programming head David Smith is taking home $245k, (now former?) development director Cathy Nelson took home $272k, and president Joe Solmonese is still earning a cool $304k . . . . That’s roughly what they earned in the previous year, thanks to a two-year pay freeze mandated by the board of directors in 2008.
Maybe HRC’s fundraising prowess is just not what it’s cracked up to be. Or, maybe gay conservatives and gay lefty bloggers are right that Solmonese’s leadership has been lacking.