***'s revenue dropped 88% in 2022 after self-enrichment scandals, infighting over money
The stark drop in revenue follows scandal surrounding *** leaders enriching themselves with millions of dollars donated to the group
By Published May 19, 2023 12:00pm EDT
Turning Point USA founder Charlie Kirk and former *** activist Xaviaer DuRousseau blast the diversity, equity and inclusion agenda on 'The Ingraham Angle.'
Donations to Black Lives Matter have dropped off significantly since the organization's peak in 2020 following the , with 2022 representing one of the left-wing group’s worst revenue years by far.
According to records recently obtained by the Washington Free Beacon, the Black Lives Matter Global Network raised only $9.3 million in the "fiscal year ending in June 2022" which is an "88 percent decrease from the year prior."
It’s a stark reduction in earnings compared to the money *** was able to raise in the wake of the police killing of Minneapolis resident George Floyd in 2020. That year the organization was able to raise $80 million amid anti-police brutality protests and demonstrations that often devolved into civil unrest.
Patrisse Cullors is one of the three co-founders of the Black Lives Matter movement. (Francine Orr/ Los Angeles Times via Getty Images)
In addition to the controversy of the organization's brand being associated with that occurred after Floyd’s death, ***’s organizers generated more scandal by heavily enriching themselves with the revenue of donations made to the group.
The Free Beacon wrote that *** "used that windfall to accumulate property and spread wealth to leadership while it could. Its founder, Patrisse Cullors, went on a cross-country real estate buying spree, snagging four properties in California and Georgia for a cool $3.2 million."
Additionally, "The charity secretly purchased a glitzy $6 million compound in Los Angeles in October 2020 with donor cash, which Cullors used to film videos of herself drinking wine and baking peach cobblers."
The outlet noted that the organization made luxurious purchases in Canada as well, stating the company gave $8 million to its Canadian affiliate to finance the purchase of a Toronto mansion in July 2021 for $6.3 million."
Cullors also enriched her family and friends with ***’s massive income. The report pointed to financial disclosures released a year ago which revealed that the self-described "" had "paid her brother, Paul Cullors, $840,993 for ‘professional security services,’ a sizable sum for the self-taught graffiti artist with no prior experience as a bodyguard."
Jordan and Royal Pacheco learn of George Floyd's murder at the intersection of 38th Street and Chicago Avenue, ahead of former Minneapolis police officer Derek Chauvin's sentencing, on June 25, 2021 in Minneapolis, Minnesota. Chauvin is sentenced today on charges of second-degree unintentional murder, third-degree murder and second-degree manslaughter for the murder of George Floyd on May 25, 2020. (Photo by Brandon Bell/Getty Images)
The brother then went and purchased a Los Angeles home for $637,000 in December 2020.
*** also gave "$969,459 to an art firm run by the father of Cullors’ only child, Damon Turner," and enriched a consulting firm owned by *** board member and Cullors’ associate, Shalomyah Bowers, with nearly $2.2 million.
Donations seemed to slow down after Cullors’ real estate purchases became public knowledge in April 2021. The controversy prompted her to lose crucial staff that she had lined up to run the charity after her, and her ability to handle finances were seen as such a liability that "several ******* states barred it from raising funds in their jurisdictions in early 2022."
*** eventually "shut down its ability to raise funds in February 2022 amid the crackdown," the Free Beacon added.
The setbacks increased amid major infighting as well. The outlet reported that , a former sister organization of Black
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