I would say technically correct, but not necessarily the full picture.
A lot of people feel that, once they pay some kind of dues (social up to full subscriber), they have done their part and any other support is extra. That is true only of hunts where every cost and need is built into the annual fee for members. I suppose those hunts exist, but I personally don’t know of one.
The hunt I belong to, for example, tries to keep annual out-of-pocket costs as reasonable and approachable as possible. But that means a percentage of annual operating costs and the big, rare expenditures (such as a new kennel building because the old one is falling down) are covered by volunteer-run fundraisers and donations, and volunteer work and loaned equipment is used whenever possible (staff, maintaining the trails, jumps, kennels, and hunt-owned equipment, etc).
For us, the break-even point is probably at least paying the equivalent of a full, subscribing membership plus volunteering for a few events a year (or additional monetary support such as hiring someone else to clear trails in your stead a couple days each summer).