According to their 2012 IRS 990, which I must point out and laud because they voluntarily posted it on their web site within two weeks of filing it with the Treasury Department, GLAAD had a deficit of $1.2 million. See line 19 on the image. Revenue was listed as $4.1 million, the same amount as last year.
I also praise their transparency because three years' worth of tax filings are on the GLAAD site. Five years' are listed but the 2008 and 2009 versions are missing.
Only two executives' names and salaries are disclosed. Executive director Herndon Graddick earned $184,000 and vice president for operations Charlotte Wells took home $112,450.
Here's the annual breakdown of GLAAD's deficits. In 2008 and 2009 the deficit amount was $1.4 million, for 2010 it dipped to $450,000, peaked at $2.5 million in 2011 and for 2012 it was $1.2 million.
GLAAD's primary purpose is to stay in business, paying employees quite decent salaries, raise funds hosting galas where they bestow useless awards, not rock the LGBT Democratic Party boat, none-too-subtly solicit donations from media organizations they lobby.
Consign GLAAD to the dust bin and we'd do the movement a huge favor.