WASHINGTON (TND) — Black Lives Matter’s finances are under scrutiny once again, as tax documents show the nonprofit is on the brink of bankruptcy. The organization ended last year in the red, while doling out millions to those close to BLM’s founders.
Following the murder of George Floyd in 2020, supporters donated a staggering $90 million dollars to Black Lives Matter. The nonprofit ended the last fiscal year with a $9 million deficit.
The federal filings from 2020 to 2022 show just a third — $30 million of the $90 million — went to other charitable organizations, with $22 million going to expenses. This includes $1.6 million that went to the father of BLM co-founder Patrisse Cullors for security services. Another $2.1 million went to BLM board member Shalomyah Bowers for consulting.
I feel vindicated because two years ago I said that this organization was a disingenuous scam and it has proven itself to be a disingenuous scam,” Zuby, a rapper, said on GBTV.
Cullors left BLM leadership in 2021 after documents revealed she spent millions on luxury homes in Los Angeles and Georgia.
Last week, she took to Instagram to address the latest round of criticism.
For the last 2.5 years I’ve been relentlessly attacked by the media. so many lies and so much mis and disinformation. they are hell bent on destroying my life,” she wrote.
In the past few years, BLM has been highly criticized by families of victims they use to fundraise.
Breonna Taylor’s mother referred to the organization as a “fraud” in a Facebook post.
In 2021, Tamir Rice’s mother told the New York Post, “they are benefiting off the blood of our loved ones, and they won’t even talk to us.”
This organization has been capitalizing off of unfortunate deaths and tragedies and guilt-tripping people into sending them lots of money and donations, which I believe most people think is going to go to a good cause and instead they are paying themselves six and seven figure salaries ,” said Zuby.
Columnist Adam Coleman told Fox News, “No checks or balances to it. It seems really haphazard. They have no idea what they are doing and it shows. looks like they are slowly going under.”
The BLM website calls the criticism “misinformation from the right,” adding this is “what happens when black people are financially autonomous from white supremacist structures like the non-profit industrial complex.”
The National Desk reached out to Black Lives Matter for a comment and has not been heard back at the time of this publication.