Report: Occupy Wall Street Has Raised Over $450,000! Grass Roots Movement? Sounds Pretty Organized To Me!

Weasel Zippers

Report: Occupy Wall Street Has Raised Over $450,000

written by Associated Press

Friday October 28, 2011

Are they going to redistribute it now?

The first financial report of the Occupy Wall Street demonstration in New York City shows protesters have raised more than $454,000 and have spent slightly more than $50,000 in the movement’s first five weeks, a person close to the movement said Friday.

The financial report, given to The Associated Press by the person, was to be released Friday evening in Manhattan’s Zuccotti Park, where the protesters have an encampment. The person spoke on the condition of anonymity because the spreadsheet analysis hadn’t been released.

The demonstrators are providing reporters daily updates showing more than $500,000 has been donated, but this is the first fiscal report of the Occupy Wall Street movement and part of its move to provide greater transparency.

The loosely assembled group’s spreadsheet shows most of the spending is for food, clothing, laundry, medical supplies and treatment, Internet services, cameras and telephone and computer expenses. Park expenses including sanitation have cost more than $1,100, according to the report.