WHYY pulls out of the red into the black

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WHYY overcame a deficit of $3.9 million to end the last fiscal year with a $1.7 million surplus, reports the Philadelphia Inquirer. WHYY’s new audited financial statement shows that the station received $8.9 million in program contracts and other project revenue in fiscal year 2010, $4.9 million more than the previous year. Meanwhile, personnel and fund-raising costs dropped — including station President William Marrazzo’s base compensation, which fell from $506,157 in FY09 to $448,161 in FY10.