Staff costs are a relatively small proportion of our total spending, but the proportion increased in 2024 compared to 2023 (28% vs 21%).
Between 2021 and 2023, our total spending increased by 264% (from $6.9m to $25.1m), while our headcount increased only 40% (from 24 to 34), which meant we had insufficient capacity to improve the quality and cost-effectiveness of our programs. This informed our decision to make foundation-building our organizational priority in 2024, including both investing in hiring to increase our capacity and cutting non-staff costs, with the majority of savings (per Ollie’s comment) being contributed by lower spending on events, especially EAG.
Staff costs are a relatively small proportion of our total spending, but the proportion increased in 2024 compared to 2023 (28% vs 21%).
Between 2021 and 2023, our total spending increased by 264% (from $6.9m to $25.1m), while our headcount increased only 40% (from 24 to 34), which meant we had insufficient capacity to improve the quality and cost-effectiveness of our programs. This informed our decision to make foundation-building our organizational priority in 2024, including both investing in hiring to increase our capacity and cutting non-staff costs, with the majority of savings (per Ollie’s comment) being contributed by lower spending on events, especially EAG.