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

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. On Friday, the foundation said it expected that would be the case, given the…

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Written by bourbiza mohamed

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