Exodus financial results for 2004 are now available, courtesy of MinistryWatch:
Contributions to Exodus rose 36 percent, from $454,000 in 2003 to $617,000 in 2004. In the prior year, contributions rose 40 percent, from $324,500 to $454,000.
Other revenue sources rose more than 50 percent, from $200,000 to $308,000. In the prior year, other revenue sources plummeted from $352,000 to $200,000.
Total revenues rose to $925,315 from $654,653 in 2003 — an increase of 41 percent. In the prior year, revenues fell slightly, from $677,125 in 2002.
Expenses were down only slightly in 2004, at about $660,000, after a massive cut from $795,000 in 2002.
All told, Exodus attained a budget surplus of $267,000 in 2004, compared to budget deficits in the two prior years: $13,000 in 2003 and an alarming $118,000 in 2002.
Why the big increase in earnings? Opinions will vary; Exodus provides few direct clues. Strategic changes during this period included (in my opinion) an increased focus on lobbying for constitutional amendments to ban gay marriages and civil unions; speeches, media events, and networking indirectly supporting the re-election of President Bush and religious-rightist lawmakers; increased publicity for Exodus antigay political activities via religious-rightist media such as WorldNetDaily and the American Family Association’s AgapePress; and a de-emphasis of the organization’s historic but unprofitable mission of material and logistical support for local exgay member ministries and counselors.
MinistryWatch gives Exodus a mediocre three-star rating for financial efficiency, which is below average for the advocacy sector. Just as bad: Exodus earns a mere grade of “C” for financial transparency; in other words, Exodus provided minimal financial information in response to requests, and withheld this information until seven months after Dec. 31, 2004, the end of the fiscal year. In order to receive an “A,” Exodus would need to provide ample information within the first five months of the new year.