An increase in payroll costs and a decrease in donations has Greenpeace Australia Pacific experiencing a red tide on its books, according to The Age.
Income is up 5%, but expenditures are up faster and the number of donors has dropped from 130,000 to 100,000 in the past 6 years.
Line items include "fund-raising expenditure" of $7.2 million, "campaigning expenditure" of $11.5 million and "organisational support" at $1.9 million. Wages, salaries and superannuation costs comprise $7.6 million, an increase of 31% year over year.
Happily, they still report $6 million cash in the bank. Green peace indeed.