Monday, July 31, 2017

Hate Group Takes a Large Economic Hit

Revenues for the years ended June 30, 2015 and 2016
Click on image to enlarge
I have the tax return for American Family Association for the year ended June 30, 2016. The hate group's revenues declined nearly 40% from the prior year. Contributions went from $27 million to $16 million and total revenues went from $30 million to $18 million. This represents the lowest amount of contributions received since the 2010 fiscal year.

Now were I a prick — the kind of guy who would claim that trans women are determined to sexually abuse young girls in Target's dressing rooms — I might say that prior year's revenues were 67% higher. That happens to be true but it's not the proper way to document economic change. Thus we settle for a 40% decline year over year.

AFA did quite a bit of cost cutting during the year. Yet they turned a $1.8 million surplus into a deficit of $1.7 million. In spite of it all, founder Don Wildmon, the Grand Wizard of AFA (and perhaps another organization), is still on the organization's dole for $130,000 for doing absolutely nothing.

AFA is still sitting on a pile of cash. They sold some stock they were holding and had a cash position of $16 million as of June 30, 2016, That's enough to do some serious damage. It is, after all, a hate group that is obsessed with disparaging LGBT people.

Nevertheless, perhaps some foundations are no longer willing to fund this kind of operation. If this becomes a trend they will have to reduce their misdeeds. We will see. Aside from evil intent these are rather dimwitted people.

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