According to reports, the Black Lives Matter national organization is on the verge of financial collapse despite raising $90 million in 2020.
Financial disclosures indicate the foundation ran an $8.5 million deficit last year.
The New York Times reported in 2022 that the foundation once had $42 million in assets.
In the tragic, whirlwind year of 2020, with racial-justice protests prompted by the killing of Black men and women by police officers, the Black Lives Matter Global Network Foundation raised $90 million, much of it small donations from rank-and-file supporters. A recent tax filing from the group shows that by the middle of last year, more than half of that money had been granted to smaller organizations or spent on consultants and real estate, leaving the
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