The 2013 budget approved by the NPR Board Sept. 14 projects a $5.1 million operating deficit, with expenses adding up to $185.5 million and revenues projected at $180.4 million. Management plans to cover the shortfall with working capital and operating reserves.
The 2013 spending plan anticipates a 5 percent gain in sponsorship income, which fell far behind projections this year. NPR expects to close fiscal 2012, which ends Sept. 30, with a $6 million shortfall that’s primarily attributable to a decline in corporate sponsorship, according to Dana Davis Rehm, senior v.p. for marketing, communications and external relations.