On Thursday, The Daily Caller posted an article about the funding for National Public Radio (NPR) and the Public Broadcasting Service (PBS). It seems that the numbers that are being reported are not actually accurate.
The article reports:
National Public Radio (NPR) and the Public Broadcasting Service (PBS) both received significantly more taxpayer funding in Fiscal Year 2023 than they had indicated on their tax returns, according to an OpenTheBooks report published Thursday.
On a tax return for the fiscal year ending in September 2023, NPR reported that it received just $40,000 from American taxpayers, which came from the Corporation for Public Broadcasting (CBP), a nonprofit organization that invests in public broadcasting, according to OpenTheBooks’ analysis. That amount made up just 0.04% of the $98.57 million in grants NPR received from “all parties” during that period, according to the report.
Meanwhile, at the end of fiscal year 2023, NPR had $388.5 million in total assets, OpenTheBooks’ report found.
Moreover, PBS’ tax return showed it received $22.74 million from the government, according to OpenTheBooks’ analysis. OpenTheBooks found that at the end of fiscal year 2023, PBS had $641.23 million in total assets, an increase of $52 million from the year prior.
PBS CEO Paula Kerger earns $1,055,135 in salary and $113,526 in “other compensation,” while three other PBS employees make over $500,000, according to OpenTheBooks. Meanwhile, NPR spent $5.18 million on payroll for its officers and key employees, according to the report.
It’s amazing how much a corporation is willing to pay people when it’s not their money and they don’t have to make a profit.
I would just like to comment that if PBS had had good negotiators and good lawyers during the height of Sesame Street’s popularity, they could have set the corporation up for life with the royalties from Tickle Me Elmo, Rubber Ducky, Oscar the Grouch, and Big Bird. not to mention Bert and Ernie. A private enterprise would have done that. That is the difference between a government-run company and a company that needs to make a profit to stay in business.