At the request of another reader, here is the information I was able to glean from People’s Memorial Assocation’s 2006 tax return, obtained from Guidestar and attached here: peoples-memorial
$ 282,516 total expenses for 2006
$ 108,822 employee expense (salary, retirement, benefits, payroll taxes, etc.)
$173,694 to spend on program expenses
$ 282,516 total expenses for 2006
$ 208,099 revenue
$ 74,417 loss for the year
$ 20,417 dues paid to the national FCA (Mr. Slocum’s group)
How do they compare with the national FCA for the same time period?
PEOPLE’S MEMORIAL ASSOCIATION
38.5% of total expenses spent on employee salary/benefits/taxes
52.1% of revenue spent on employee salary/benefits/taxes
NATIONAL FUNERAL CONSUMERS ALLIANCE
70.6% of total expenses spent on employee salary/benefits/taxes
84.9% of revenue spent on employee salary/benefits/taxes
How about comparing them to the Red Cross? Here’s their 2006 tax return: red-cross
AMERICAN RED CROSS
30.5% of total expenses spent on employee salary/benefits/taxes
28.5% of revenue spent on employee salary/benefits/taxes
July 12, 2008 at 2:15 am
Tim,
You really have hit a nerve with these associations. I think a full-blown investigation into their status as non-profits should be done by the IRS. Think of the fear that would generate.
Robin Richter