Pride Toronto Treasurer, Michelle Cherny, told members at Pride’s annual general meeting on Nov 22, 2017 we had a difficult financial year.
Pride Toronto begain the year with $848,000, which has now gone and in debt a half a million dollars.
Pride Toronto stated they work hard over the years to help build a reserve, which enables them to weather a difficult storm or even a difficult year,” Cherny said. “This past year was one of those times.”
While some expenses, such as festival infrastructure costs did rise, the deficit was mostly driven by significant decreases in revenue from sponsorship’s, grants, donations and beverage sales.