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DewDiligence

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DewDiligence

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Re: marthambles post# 2909

Thursday, 11/03/2022 4:58:33 PM

Thursday, November 03, 2022 4:58:33 PM

Post# of 9090
FWIW…

This is NCL’s 2021 tax return on Form 990 (the annual filing for non-profit charitable organizations):

https://nclnet.org/wp-content/uploads/2022/05/2021-NATIONAL-CONSUMERS-LEAGUE-INC.-990-Public-Disclosure-Copy.pdf

Two things stand out:

• NCL spends only 73% of its money on charitable services—the rest is for overhead and fundraising (page 10, line 25).

• The Executive Director made more than $200K in 2021 compensation (page 7).

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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