Gene Maddaus Senior Media WriterTime’s Up released its latest financial reports on Tuesday, which show the non-profit grew quickly in 2019 but also had to pay a sizable severance to its former CEO.Time’s Up spent $10.8 million in 2019, up nearly threefold from the year before.
At the same time, it directed a larger share of its budget to program services — about 62%, compared to 41% in its first year.Charity rankings pay close attention to the percentage of funds that go to services, with a general target being 75%.The financial reports also disclose that former CEO Lisa Borders was paid $591,000 in 2019, though she left the organization in mid-February of that year after her son was accused of sexual assault.
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