The MSC has more than $41.8 millionn (€38.7 million) in cash reserves sitting in its accounts. According to the Nation Council of Non-profits (NCN), less than 25% of the Non-profits it surveys annually has more than 6 months of cash in reserve, and the majority reported that they had less than 3 months of operating reserved on hand. MSC is holding 2-3 times what the NCN says is typical, and almost $20 million (€18.5 million) more than its own guidelines require. Nearly 80% of its income is from logo licensing fees and only about 15% is from foundations and other donors, who, might be looking at the cash reserves and asking why they are still cutting checks to the MSC.
