The World Transformed is an independent organisation. We only accept grants from organisations whose goals and values are aligned with our own, and none of our funders have any role in our governance structure. That means we are able to remain politically autonomous; bridging the parliamentary and extra-parliamentary left, and creating space for the wider radical movement and policy makers to meet and share ideas.
We have an annual core budget of £120,000 - that includes our 6 members of staff (2 full-time, 4 part-time), our office space, and other core infrastructure to keep the organisation running. In 2021, just under half of these core costs were made up by our Supporters Network - 800 people giving a small monthly donation to us. The rest was accounted for by grants, including the Blue Moon Trust, the Andrew Wainwright Reform Trust, the Lipman Miliband Trust, and the Rosa Luxemburg Foundation.
Each year, we aim to sign up more people to our Supporters Network so we can become less reliant on grants, and more financially sustainable in the long run.
Our annual festival is, in general, 50% funded by our ticket sales, with the other 50% being made thanks to the generosity of our partner organisations. In 2021, these included Momentum, the CWU, Unite the Union & Democracy Collaborative, amongst others.
TWT is a non-profit organisation with no shareholders. If any surplus is made from our annual festival, it is reinvested into paying for our core costs the following year.