Black Lives Matters is hemorrhaging cash, according to its 2022 financial records.
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BLM’s Global Network Foundation, a non-profit that grew from the 2020 George Floyd protests, plunged US$8,559,748 into the red.From our newsroom to your inbox at noon, the latest headlines, stories, opinion and photos from the Toronto Sun.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
The filings show the non-profit recorded revenue of $8.5 million — but spent more than $17 million. The group has also been left with $30 million in assets, down nearly $11.75 million from where it started the financial year.But financial woes, be damned! The organization still paid out millions to relatives of the founder and a board member.
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