A national Black Lives Matter nonprofit, whose philanthropic fortunes grew almost overnight during historic racial justice protests three years ago, raised just over $9 million in its last fiscal year, new IRS tax filings show, significantly less than the $79 million in revenue reported in a previous tax filing after the murder of George Floyd. The BLM nonprofit had raised more than $90 million in the first year that it was a tax-exempt organization, coinciding with the wave of protests over police brutality in the summer of 2020.
A national Black Lives Matter nonprofit, whose philanthropic fortunes grew almost overnight during historic racial justice protests three years ago, raised just over $9 million in its last fiscal year, new IRS tax filings show.
Black Lives Matter's national organization paid out millions to non-profits run by the movement's own supporters and friends even as it registered more than $8.5 million in losses last year, public filings show.