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You can find their 2018 IRS filing here: https://projects.propublica.org/nonprofits/organizations/261544963/201912279349301826/full https://projects.propublica.
by bjterry 7y ago
You can find their 2018 IRS filing here: https://projects.propublica.org/nonprofits/organizations/261544963/201912279349301826/full https://projects.propublica.org/nonprofits/organizations/261...
I've never read one before, but it looks like their IT spend was $5m of $49m total expenses on page 10.
I think it's very plausible that a sudden unanticipated increase in IT costs could cause a cash crunch.
- jka 7y agoThanks for linking to this. A unique string to find this line item in the linked filing is "Information technology" This was their second-largest functional expense area for 2018, behind "Other salaries and wages". Although I'm not an accountant it also seemed noteworthy to me that their "Revenue less expenses" was negative for 2018 (not overwhelmingly in relation to their assets, but still by a sizable amount). I'm not really qualified to comment on what that means, but naively it does seem to imply to me that they can continue to benefit from donations and external funding.