Black Lives Matter (BLM), the social justice group that dominated headlines for years after virtually every officer-involved shooting with a Black male suspect, and a product of former President Barack Obama's second term in office, is in deep financial trouble.
According to Breitbart, tax records from 2022 indicated that the group, behind some of the largest "police brutality" and "social justice" protests and riots over the last decade or so, is in serious financial trouble.
The news comes in the wake of several BLM-related financial scandals and legal issues that have plagued the organization and utterly destroyed its reputation.
A majority of the money raised in the wake of George Floyd's death is gone, according to the documents.
The non-profit has blown through 2 ⁄ 3 of $90 million raised since the summer of 2020 following the death of George Floyd, the Washington Free Beacon reported. The Black Lives Matter Global Network Foundation’s (BLMGNF) most recent filing of Form 990 paints a grim picture of BLMGNF’s financial health, indicating a trajectory toward financial insolvency. In 2022, the charity logged a $961,000 loss on a security sale of $172,000.
The protest group took a major optics blow in 2021 when co-founder Patrisse Cullors announced her resignation from the organization following bombshell reports that she allegedly used BLM funds as her own personal piggy bank.
Cullors came under fire for using a swanky, $6 million Los Angeles-based BLM-bought property for personal use at least two times.
She admitted that in looking back, she understood that it was a poor decision, but vehemently denied that she misused the organization's funds for her own personal use.
"The idea that (the foundation) received millions of dollars and then I hid those dollars in my bank account is absolutely false,” she told the Associated Press at the time, according to a separate Breitbart report.
Cullors added: "That’s a false narrative. It’s impacted me personally and professionally, that people would accuse me of stealing from black people."
The recently revealed 2022 tax returns tend to suggest a different story, as it made clear that friends and family members of the BLM co-founder reaped significant financial rewards from the organization's bank account.
Social media users jumped at the chance to expose the seeming corruption from within the organization's ranks that ultimately led to dire financial circumstances.
BLM went broke buying mansions with your money... Y'all were played! LOL!!!
— Gunther Eagleman™ (@GuntherEagleman) May 24, 2023
"After scamming everyone and using large amounts of donated funds to buy mansions and other personal property Black Lives Matter is heading towards bankruptcy," Free Speech America tweeted.