Reverend Al Sharpton’s charity, the National Action Network (NAN), has come under scrutiny due to his substantial earnings revealed in the latest tax filings. Sharpton’s total compensation for the previous year amounts to $1,046,948, a notable increase from 2017.
Salary and Bonuses: Sharpton’s income includes a salary of $324,000, a 32% rise from 2017, along with a bonus of $159,596 and “other compensation” totaling $563,352. Defending the increase, Sharpton emphasized the demanding nature of his role as president and CEO, comparing it to industry standards.
Compensation Settlement: NAN disclosed that an executive compensation firm assessed Sharpton’s underpayment from 2004 to 2017, determining a owed amount of $1.252 million. However, Sharpton agreed to accept $500,000 less, and both he and the nonprofit board confirmed full compensation for the past underpaid years.
Sharpton’s Justification: Addressing criticism, Sharpton highlighted the intensity of his work, describing it as a “six-day-a-week job.” He argued that his salary aligns with comparable roles in other companies and nonprofits.
Controversy and Public Perception: While Sharpton justifies his compensation, controversy surrounds the significant earnings, particularly given his charismatic public persona and the history of attendees throwing cash at his weekly rallies. Despite assertions of deservedness, questions linger over the appropriateness of such substantial earnings in the nonprofit sector.