Most people know Pariyatti as a bookstore. We are also a publisher of books as well as a distributor of books published by Pali Text Society, Buddhist Publication Society, and Vipassana Research Institute. These activities are undertaken as a service, not for profit, and are sustained by significant volunteer help, a dedicated and modestly paid staff of five, and donations that bridge the gap between income and expenses.
In future issues we intend to provide a quarterly financial update so that friends of Pariyatti can be better informed. Following is Pariyatti's statement of income and expense for the year 2007.
Total income from all sales $244,917, less cost of goods $-121,521 = surplus from sales $123,396.
Expense of operations $234,455; operating deficit $-111,059.
Donations $87,750.
Net deficit for 2007 = $-24,501
This year we hope to increase donations. We have reluctantly concluded we must adjust prices on imported books to offset higher shipping costs and the decline in the value of the U.S. dollar. Prices on BPS books will be increasing after the first week in March, for the first time in many years.