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Financial Reports

You may request quarterly financial information from the Executive Director.

Questions & Answers

Why does Pariyatti need donations?
A. Pariyatti is a charitable, nonprofit, educational support system for the Dhamma community. Our services go beyond publishing, selling, and distributing books. Even if we just sold books, the economic and technological conditions of the world today would likely prevent continuation of Pariyatti's mission. Small independent book sellers rank high among businesses closing in recent times. In every community, local independent bookstores have found it difficult to survive price competition from the giant online stores.

One of Pariyatti's commitments to the Dhamma community is to ensure that the more than 1,000 pertinent titles in stock, including those we import, remain available. We can do this because general costs of overall operations are kept low and are supplemented with charitable donations.

Why don't book sales cover your costs?
A. Book sales revenues cover a part of a broader range of services Pariyatti offers. Because of the large number of specialized, hard-to-find, low-volume titles maintained by Pariyatti, and the general economics of the publishing industry today,we would need to double book prices to break even financially. This would defeat one of our purposes: to support the Dhamma community as broadly as possible. In addition, there are costs for providing the free services and publications.

I see that your largest expense (i.e., $170,000) is for staff. Can you tell me more?
A. Wages are the largest expense for most businesses and nonprofits. Keeping Pariyatti's services available on a consistent basis is the responsibility of five employees experienced in publishing, importing, warehousing, digital production, order processing, wholesaling, retailing, fulfilment, communications and operations. Pariyatti pays its employees below average for similar operations in the industry (around $11/hour) with two long-term employees with very specialized skills earning more. Therefore, in a real sense, employees are also making a donation of time. In addtion, they have moved from somewhere else to this small rural area, in order to work at Pariyatti.

Financial Overview

Please click on the graph below to see a larger version.

 

Pariyatti Financial Overview: 2003 - 2009
All figures x $1,000
  2003 2004 2005 2006 2007 2008 2009
Sales 202 217 242 237 245 253 225
Cost of Sales 102 97 130 120 123 123 105
Gross Profit 100 120 112 117 122 130 120
Expenses 294 268 232 225 234 261 234
Operating Loss -194 -148 -120 -108 -112 -131 -114
Donations & Income 11 116 86 112 89 175 148
Net Profit / Loss -183 -32 -34 4 -23 44 34

 

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