According to the Sports Examiner, World Athletics was the only summer Olympic sport for which essentially no financial information was in the public domain. Well someone called the Sports Examiner up and leaked World Athletics financial info.
The good news is World Athletics had 45 million in the bank in 2018. The bad news is they were spending $20 million more than they were taking in each year.
The Sports Examiner wrote:
● The good news was that as of the end of 2018, the IAAF – as it was known then – had reserves of $45,246,758. That’s 11th-highest among all of the summer federations.
The bad news was that 2018 losses had reduced the federation’s reserves, which had been at $64,801,522 just one year prior.
● Revenues for 2018 were $47,511,383, with 94% from television rights sales and sponsors. That was well ahead of the total for 2017, with $40.54 million recorded.
● Expenses for 2018 continued a dangerous climb from 2017, at $66,840,283, well ahead of the also-high $60,098,650 from 2017. Wow!
● Of the 2018 expenses, the leading items were for administration ($17.34 million), events ($16.73 million), area and member federation support ($10.44 million), the Athletics Integrity Unit ($7.08 million), sport development activities ($3.05 million) and $1.34 million for communications and promotions. There was $10.86 million in other spending.
Read all about it here: