NPR, which has been under attack after video footage from James O’Keefe showed a now former network executive saying that NPR would be just fine without federal funding, is going to run a surplus or “modest margin,” this year.
Daily Finance reports on the network’s financial turnaround: As a whole, NPR — as is common for a nonprofit — usually runs a deficit. According to audited financial statements, NPR’s revenue ran a $8.3 million deficit in the 2010 fiscal year, which ended Sept. 30. Revenues rose to $184.3 million from $148.7 million a year earlier, while expenses jumped to $192.5 last year from $166.6 million in 2009. But after cutting staff and scaling back benefits in 2008, NPR expects to make a “modest margin” this year, according to spokeswoman Dana Davis Rehm.
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This would normally be good news, except that NPR is locked in a battle over future government funding, running a surplus shows good fiscal management but may also lend credence to the idea that they don’t need more taxpayer money.
One thing that may add even more to the ire of conservatives is the revelation of salaries being paid to the on air talent at NPR.
According to the 2008 IRS 990 reports obtained by Daily Finance, NPR hosts aren’t exactly suffering financially.
Read More at Canada Free Press by Don Irvine, Canada Free Press