Their primary income is from the support organisation. It costs 100 Danish kroner a month (roughly $20) and there are around 700 members. So they live on roughly $14.000 a month, or $170.000 a year.

Needless to say there is a lot of ingenuity in costcutting, a lot of parts from home-depot....

Wow, this is even more impressive than the results imho. Kudos to you!

Even though the small budget is very impressive, we wouldn't mind to have more members in the support group. Ahem... :-) http://www.copenhagensuborbitals.com/

I don't know how reliable the estimate is but I have heard 10 million for the entire venture.

That is 10 million kroner, roughly 2 mill USD. I doubt NASA could do one launch for that amount of money.