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New Black Lives Matter tax documents show foundation is tightening its belt, has $30M in assets

Black Lives Matter-Finances
Posted at 8:23 PM, May 26, 2023
and last updated 2023-05-26 20:23:58-04

NEW YORK (AP) — 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. That’s significantly less than the $79 million in revenue reported in a previous tax filing of Black Lives Matter Global Network Foundation Inc, which the nonprofit says it expected, given the unique factors surrounding the public response to 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.