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Old 12-28-2015 | 07:20 PM
  #23  
kdunlap
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From: McLean, VA
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Porcia83 you might have missed the IRS form 990 that I posted in another thread in which you participated. Since you are clearly concerned about the facts here they are again in all their glory.

http://www.rcuniverse.com/forum/atta...2&d=1450153885


AMA budget $9.2 Million dollars
AMA salaries $2.57 million dollars

Facts are such a stubborn thing especially when they are in black and white on a government form. -Which is publicly available. So how am I wrong? In my post I said 9m and it is 9.2m. I said 2m and it is 2.57m. You should have blamed me for under reporting. I wanted to give AMA the benefit of the doubt.

On a technical basis if you review the AMA 990 you will see that in most years revenue=expenses. So, since they file as a 503, they are not for profit. But they do need to earn revenue to cover their expenses. They needed to earn 9m in the last year filed. This is not a trivial amount of money.