Looking at the ranch as a business, I am willing to bet he is right--a majority of the alleged expenses is a result of accrual based depreciation. It would be best if he summarized a cash income statement, a cash flow statement and an assets determination.
All he has to do to correct this matter is when there are no children at the ranch, pay some nominal sum for his own stay at the ranch.
In the meantime, the money is privately obtained, it is a charity and who the hell cares?
Finally, Imus may lack humility but no one ever accused a newspaper reporter as lacking in "envy" when it came to debunking real or imagined celebrities.
The operative word is charity, which means that it enjoys tax advantages. If the charity was created as the veneer for Imus to enjoy a lavish vacation home, then as a taxpayer, I care.
Imus has a 4,000 acre working ranch in northern New Mexico, which is used ten weeks a year to give 100 kids a one week "cowboy" experience. 4,000 acres!!! 640 acres equals a square mile so Mr. Imus' ranch is over 6 square miles.
Michael Jackson's personal theme park probably handles (pun inteneded) more kids a year at less cost and is not a charity.