Susan G. Komen for the Cure had a 22 percent drop in contributions in 2013, following its decision (and subsequent reversal) to stop giving grants to Planned Parenthood, the Associated Press reports.
Citing audited financial statements posted on its website this week, a spokeswoman for the Dallas-based breast cancer charity said contributions — including donations and corporate sponsorships — dropped from about $164 million from the fiscal year ending in March 2012 to $128 million in the year ending March 2013.
After news of the plan to quit offering grants to Planned Parenthood broke in January 2012, several executives left the organization and fewer people took part in its fundraising Races for the Cure across the country. The organization announced last summer that it would cancel half of its three-day charity walks for this year because of a drop in participation.
The statements also showed that revenue from Race for the Cure and three-day events had a 19 percent drop for the same fiscal period, falling from about $258 million to $208 million. Total revenue, which included the race fees, contributions, other fundraising and interest, dropped 18 percent in that time period, from $399 million to $325 million.