$700K shortfall despite cuts to programing
Pride Toronto is facing a $700,000 deficit despite significant cost-cutting measures and reduced programming. The organization cites a loss of corporate sponsorship and ongoing high security costs as primary drivers of the financial shortfall.
Why it matters
It illustrates the financial instability facing large-scale cultural events as corporate sponsorship models shift amid economic pressures.
Just one year after warning it faced a $900,000 funding shortfall, Pride Toronto says it is still staring down a roughly $700,000 deficit despite cutting programming, reducing staff and securing new sponsors.
The report relies on factual statements from the organization's leadership regarding financial data.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in