RPSC facing a catch-22 as membership dwindles
Royal Philatelic Society of Canada (RPSC) Treasurer Stuart Keeley (left) said the society's increase in life and honorary members is 'a strain on the financial.' He is seen here at the society's annual general meeting with President Ed Kroft (right).
With paid memberships in an ongoing decline but honorary and life memberships holding strong, The Royal Philatelic Society of Canada (RPSC) is in peculiar financial straits. With about 300 honorary and life members throughout the past three years and another 1,200 paid members – a number that’s “slowly sinking,” according to RPSC Treasurer Stuart Keeley – the society isn’t bringing in any money from 20 per cent of its membership. This is at a time when The RPSC is reporting a $3,968 loss, although nearly $3,000 of that is from a recent inventory write-down. “Our membership is slowly declining, and those are the people who are paying,” said Keeley, who recently retired as a director of the society. “For life members and honorary members, we still have to send them The Canadian Philatelist and everything else, so it puts a strain on the financial.” Continue reading →