As of today, Black Lives Matter faces renewed financial scrutiny, with tax documents indicating the organization is nearing bankruptcy. Last year concluded with a financial deficit, despite the allocation of millions to individuals connected to BLM’…
As of today, Black Lives Matter faces renewed financial scrutiny, with tax documents indicating the organization is nearing bankruptcy. Last year concluded with a financial deficit, despite the allocation of millions to individuals connected to BLM’s founders.
In the aftermath of George Floyd’s 2020 murder, Black Lives Matter garnered an overwhelming $90 million in donations. However, the organization reported a $9 million shortfall in the last fiscal year.
Analysis of federal filings from 2020 to 2022 revealed that only about a third, or $30 million, of the total donations were channeled to other charitable causes, with operational expenses consuming $22 million. Notably, $1.6 million was paid for security services to the father of BLM co-founder Patrisse Cullors, and another $2.1 million was directed to board member Shalomyah Bowers for consulting.
Rapper Zuby, speaking on GBTV, declared his earlier criticisms validated, labeling the organization a "disingenuous scam."
Patrisse Cullors, who departed from BLM’s leadership in 2021 amid revelations of her substantial property investments, recently defended herself on Instagram against what she described as a continuous media onslaught aiming to undermine her.
BLM has faced significant backlash over the years, particularly from families of victims used in its fundraising campaigns. Breonna Taylor’s mother branded the group a "fraud," while Tamir Rice’s mother accused it of exploiting their loved ones’ deaths for financial gain.
Zuby criticized the organization for allegedly manipulating public sentiment to amass donations under the guise of supporting a noble cause, only to allocate significant sums to its own members. Adam Coleman, in a discussion with Fox News, criticized BLM for its apparent lack of financial governance.
In response to these allegations, BLM’s website has denounced the criticism as right-wing misinformation, arguing that such backlash is a reaction to the financial independence of Black pe..
