Pride Toronto’s financial statements from the fiscal year 2009 — which ended last July — have finally been released, and they reveal a year of growth, change and controversy. In fiscal year 2008, Pride commanded a budget of close to $2 million, but in 2009 its budget was more than $3 million.
It also posted a deficit — after a modest profit of $41,972 in 2008, in 2009 the organization took a loss of $138,605.
According to Pride Toronto executive director, Tracey Sandilands, three factors are responsible for most of the deficit. The first is the gap in 2008 between the departure of former executive director Fatima Amarshi and Sandilands’ arrival.