Burning Man's Books...

Interesting read at SFGATE on Burning Man, excerpt:

Burning Man's books
The Black Rock Arts Foundation began in 2001 with a $30,000 loan from Burning Man founder Larry Harvey. For the next five years, the nonprofit continued to raise money and issue grants to artists, including David Best, who joined the board of directors in 2004 and received a $10,200 grant for the Hayes Green Temple the next year.

The ledger, 2001-05
-- Total revenue: $296,620

-- Total expenses: $301,702

-- Total grants awarded: $82,307

(Total grants awarded to David Best: $25,200)

How the numbers stack up
Charity Navigator, a New Jersey-based nonprofit watchdog group, compared the Black Rock Arts Foundation to 341 similar charitable organizations.

-- Amount of budget spent on grants by average charity with similar goals: 65 percent.

-- Amount spent on grants by Black Rock Arts Foundation: 27 percent


read the whole article here.