BLM recorded $9M deficit in 2022 — but still paid millions to execs: tax docs
https://nypost.com/2023/05/24/blm-recorded-9m-deficit-last-year-tax-docs/
Black Lives Matter ended last year with a nearly $9 million deficit — while still paying out millions to organizers as well as relatives of controversial co-founder Patrisse Cullors.
Tax documents shared by the Washington Free Beaconshow that BLM’s Global Network Foundation ended the financial year in the red to the tune of $8,559,748.
The filings show that the nonprofit recorded revenue of $8.5 million — roughly half of the more than $17 million it spent.
That deficit is made even more extreme given that the previous year, it actually increased its piggybank, earning nearly $42 million after expenses.
The financial hit also left the group with $30 million in assets, down nearly $11.75 million from where it started the financial year.By
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