Every day companies, colleges, and businesses spend money to keep their operations running smoothly. Occupy Wall Street is no different. According to a report given to the New York General Assembly, Occupy Wall Street portions roughly $17,090 every week for normal operations. Where does that money go? Let’s find out. Be aware, the numbers that I’m looking at are just those for the main OWS operation in New York, the financial records of the other offshoots are hard to locate.
Food – $10,000 dollars is spent weekly on food. This tally represents the total spent in kitchens, not the amount they spend on raw food, so some of it represents eating utensils, gas bills for the stoves and ovens, and other things. Some people joke about homeless people attending OWS just so they can eat, whether that is actually true, I don’t know, but OWS is well aware of the connection that food has to support.
Street Medics – $1,100 is spent every day on what OWS dubs ‘street medics’. In the course of protesting, there are times when protesters may incur cuts, scrapes, and maybe more serious wounds. They don’t give vaccinations, $1,100 simply isn’t enough, but they money they spend allows them to treat minor injuries.
Metrocards – $4,380 is spent weekly on Metrocards. I’m having trouble believing that they spent this much on a weekly basis, but if the report says so, I can’t contradict it. This money goes towards getting the protesters to the protests. After all, you can’t have a protest with nobody present.
Outreach Printing Budget – $2,000 is spent weekly on printing propaganda and reading material for the OWS movement. I don’t know if this money accounts for what they do online, but I doubt it considering this is called the “printing budget”.
Meeting Space – $450 is spent on meeting spaces. Not really much to go into detail here, it simply costs $450 to rent out weekly meeting spaces.
Grand Total: $17,090
Here’s the interesting part. In the accounting statement to the general assembly, OWS claims that they had (on March 2, 2012, when the accounting statement was given) $134,357.95. Of that, $89,529.99 is on hand for bail, and $44,827.96 is available for the general fund. According to OWS, they would have been broke 3 weeks after this report was given at their current spending rate. I haven’t found any documents that say that they’re bankrupt now.
They raised a little over $1,500 on the week they gave the account.