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]EXPENDITURE OF ]LAWFUL, G"BLING PROCEEDS, 37 <br />Table 2,41: Expenses as Percent, of Profit After Ta <br />by Size of Organization, 1988i I <br />As noted earlier, state law, curren' tricts expenses to not more than 51 <br />percent of gross profit after taxes. 717e tabil,es, show that: <br />0 Actual expenses were about, 47 percent of profits after taxes in 1988.8 <br />6 The number of 'small organizations includes some which were inactive and only had interest income dur- <br />ing the year. <br />7 Bingo expenses, are restricted to not more than 55 percent. <br />8 The definition of allowable expenses changed in 19891. Expenses were limited by statute in 1988 to 55 <br />percent of gross profits frorn bingo and, 45 percent of other gaming gross profits. Under the 1988'define; <br />C� al <br />tiont total expenses as a percent of grans profits were about 7 percent, less than under the current definition, <br />Overall <br />Expense Category <br />Small <br />Medium <br />1. r <br />Ay <br />Goodl s Used <br />151.51% <br />13.9% <br />13.7► <br />15.1% <br />Compensation <br />118.1 <br />2,1.6 <br />20.1 <br />18.8 <br />A oulntin�g Services, <br />2.0 <br />1.2 <br />1.4 <br />1.8 <br />Advertising <br />0.6 <br />0.4 <br />0.4 <br />0.6 <br />Rent <br />101.7 <br />4.6 <br />3.7 <br />9.4 <br />Utilities <br />1.6 <br />1.6 <br />1.1 <br />1.5 <br />Equipment <br />1.19 <br />1.3 <br />1.4 <br />1.8 <br />Theft Insurance <br />0.11 <br />0-0 <br />0.0 <br />0.1 <br />Liability Insurance <br />0710 <br />0.0 <br />0.0 <br />0.0 <br />Bond <br />1.6 <br />0.1 <br />0.1 <br />1.0 <br />Investigation Flee, <br />0.11 <br />.0 <br />0.0 <br />-0.1 <br />Total Expenses <br />5211.2% <br />44.7%, <br />41.9% <br />47.3% <br />Number, of Organizations <br />115,619 <br />309 <br />98 <br />1$976 <br />As noted earlier, state law, curren' tricts expenses to not more than 51 <br />percent of gross profit after taxes. 717e tabil,es, show that: <br />0 Actual expenses were about, 47 percent of profits after taxes in 1988.8 <br />6 The number of 'small organizations includes some which were inactive and only had interest income dur- <br />ing the year. <br />7 Bingo expenses, are restricted to not more than 55 percent. <br />8 The definition of allowable expenses changed in 19891. Expenses were limited by statute in 1988 to 55 <br />percent of gross profits frorn bingo and, 45 percent of other gaming gross profits. Under the 1988'define; <br />C� al <br />tiont total expenses as a percent of grans profits were about 7 percent, less than under the current definition, <br />