The Occupy Wall Street group in New York City is running so low on cash, it could be out of money by the end of the month.
A finance report posted on the group’s General Assembly website for the week ending March 2 shows it had just under $45,000 left in its main fund, and that it raised just $1,556 that week — a far cry from the $500,000 it received in donations in the movement’s first weeks last fall, according to Reuters.
“[A]t our current rate of expenditure, we will be out of money in THREE WEEKS,” the report says.
The report says the group has an actual total of $134,357.95, but nearly $90,000 of that is earmarked for bail. According to the report, average weekly expenditures total $17,090, though the group came in under budget that week at $14,942.
Still, a former member of Occupy Wall Street’s finance group told the Associated Press the report doesn’t paint a full picture, and said Occupy members continue to organize and plan protests for the spring.
An Occupy Wall Street spokesman also sought to downplay the report’s implications.
“The success of the movement has never depended on money,” Ed Needham told Reuters. “Occupy Wall Street is about our abundant human resources – the creative talent, dedication and sweat equity of people here and elsewhere that have decided to stand up against a corrupt and unjust society run by a powerful elite few.”
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