Interesting information. I wish the US would make ALL tax exempt corps report this data. In looking at some of the numbers, it seems the drop in contributions of 33% (5/15 is the formula to calculate the % of decrease) caught them off guard.
06 - Total income of 10.9m with expenses running 14.2m
05 - Total income of 16.4m with expenses running 15.7m
04 - Total income of 14.3m with expenses running 13.7m
I'd be interested in seeing how much was sent to Brooklyn. That could give an indication as to how the total corporation is doing. I notice a pattern with them leaving around 600k in surplus in 04 & 05. However, this year, while the expenses dropped 1.5m it still wasn't enough. You would think that Brooklyn would have said to cut their contribution so as to not show such a huge deficit. But, perhaps they aren't in a position to do that and need every dime. That's exactly what Brooklyn does to the individual circuits. You have to donate a set amount no what you receive in contributions and that amount is very "generous".
Another thing I find interesting is that 30m in assets is only throwing off 300k in interest income (which I'm assuming is the difference between the contributions and the total income). That's an awesome 1% return!! That tells me that much of the assets are tied up in physical plant stuff and not much in cash or investments.
Edited to add - Brooklyn will run this corp dry before they starting showing real problems in their books. Also, I wonder if a big lawsuit is coming down the pike in Aus and they are trying to move out assets?? Remember, this is a big business and that's how you do it in the corporate world.