Probably need to cut their spending a bit more with contributions plummeting
Fiscal year ending June 30th:
2021:
Contributions - $76.9m
Expenses - $37.7m
2022:
Contributions - $9.3m
Expenses - $17.0m
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 posted online show that BLM’s Global Network Foundation ended the financial year in the red to the tune of $8,559,748.
Welcome to the BLM Transparency Center.
We are embracing this moment as an opportunity for celebration, accountability, healing, truth-telling, and transparency. We aim to move forward into this next chapter with the lessons learned, achievements underscored, and a renewed commitment to justice and powerbuilding in service to our community.
We understand our responsibility, and we are here to continue intentionally building trust so we can forge a path that sustains Black people for generations. BLMGNF is in the midst of a powerful transition down a path never charted before.
The misinformation from the right wing about our finances is very much about what happens when Black people are financially autonomous from white supremacists structures like the non-profit industrial complex. There is a longstanding legacy of mistrust and doubt about how Black people spend their money, like Ronald Reagan’s “welfare queen” moniker, a racist trope he peddled to gain the power of the presidency.
The right has taken up this cause, hoping to sow mistrust in our work via their media outlets. They have spread misinformation and have taken what is really an important conversation for our community, trashed it, and used their coverage as some sort of validation of their racist allegations. We hope that this is the beginning of a real conversation for our people about the dynamics of our power and our relationship to money.
We will continue to unveil new initiatives to increase transparency and accountability, and will continue to disrupt what philanthropy looks like in service of Black people. BLMGNF is working diligently to increase operations transparency, including tightening compliance operations and growing the board to help steer the organization to its next evolution.
Fiscal year ending June 30th:
2021:
Contributions - $76.9m
Expenses - $37.7m
2022:
Contributions - $9.3m
Expenses - $17.0m
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 posted online show that BLM’s Global Network Foundation ended the financial year in the red to the tune of $8,559,748.
Welcome to the BLM Transparency Center.
We are embracing this moment as an opportunity for celebration, accountability, healing, truth-telling, and transparency. We aim to move forward into this next chapter with the lessons learned, achievements underscored, and a renewed commitment to justice and powerbuilding in service to our community.
We understand our responsibility, and we are here to continue intentionally building trust so we can forge a path that sustains Black people for generations. BLMGNF is in the midst of a powerful transition down a path never charted before.
The misinformation from the right wing about our finances is very much about what happens when Black people are financially autonomous from white supremacists structures like the non-profit industrial complex. There is a longstanding legacy of mistrust and doubt about how Black people spend their money, like Ronald Reagan’s “welfare queen” moniker, a racist trope he peddled to gain the power of the presidency.
The right has taken up this cause, hoping to sow mistrust in our work via their media outlets. They have spread misinformation and have taken what is really an important conversation for our community, trashed it, and used their coverage as some sort of validation of their racist allegations. We hope that this is the beginning of a real conversation for our people about the dynamics of our power and our relationship to money.
We will continue to unveil new initiatives to increase transparency and accountability, and will continue to disrupt what philanthropy looks like in service of Black people. BLMGNF is working diligently to increase operations transparency, including tightening compliance operations and growing the board to help steer the organization to its next evolution.
