Pride Toronto Notices Huge Drop In Revenue. Surprised?
When you go from a $1 MILLION surplus to a deficit of $500,000, there's a problem. What ever could the problem be for Toronto Pride to have this drastic swing over the past year?
The organization’s annual report, which will be presented Wednesday evening at its annual general meeting, outlines a concerning decline in donations and corporate sponsorships year over year.
Based on audited financial statements from July, Pride’s revenue from fundraising and donations dropped $678,450 from $758,015 in 2016 to $106,565 in 2017. A similar decline in revenue was seen in corporate sponsorships which dropped from $2,269,180 in 2016 to $1,506,804 in 2017.
While the organization’s expenses were also lower in 2017 — $3,693,969 compared with $4,350,859 in 2016 — it wasn’t enough to make up for the drop in revenue.
Is it the decline of pride parades as we know it? Is our way of doing things changing forever? The gay bars are supposedly shutting down in some cities, people are not going out as much. As I am typing this up, I'm chatting with a friend who went to San Diego Pride with his partner this year. His partner loved San Diego Pride and would not stop talking about it for years. This year they went and ... the partner is now continuously apologizing for the disappointment. He said San Diego Pride was not what it used to be.
Pride Toronto started the year with a surplus of $848,124, but now has a deficit of $458,209.
Was the lessening of sponsors and support because us gays are changing how we do thing and celebrate? Can we point the finger at the controversy involving the Black Lives Matter / Toronto Police where BLM demanded that no police march or have a float in the 2017 parade? The pride committee agreed in January of this year to ban the police from having a float in the festivities.
But wait, the police also give money to the pride fund, right?
Following the announcement there were calls for the city of Toronto to cancel a $260,000 grant to Pride from the Toronto Police Association, and Toronto police’s Lesbian, Gay, Bisexual, Transgender and Queer internal support network.
A motion to suspend that funding was defeated by a vote of 27-17.
I've always been vocal about my disagreement on banning police from pride celebrations. If you ban all the current police because of past discretions, you need to ban all church groups, and all politicians, too. 'You CAN'T Sit With Us' can work on so many levels.
If you want, here's what I've personally written about the BLM/Toronto Police issue and how it played out since July of last year.
Is this $1.3 MILLION donations swing to the negative because of the BLM/Police issue? Or is it just Pride declining?