(Liberty Bell) – If you’ve ever wondered how much money is behind Black Lives Matter, the well-organized activist movement that the left is currently falling all over themselves to virtue signal their support for, well, now is your chance to find out.
The national arm of Black Lives Matter has reportedly spent millions on consultants, travel, and compensation for members of its own staff between the periods of July 2017 and 2019, according to financial statements prepared by its fiscal sponsor, Thousand Currents, and reported by The Daily Caller.
BLM Global Network spent $899,000 on travel, $1.6 million on consulting and $2.1 million on personnel costs during its 2017, 2018 and 2019 fiscal years, the financial statements show, together comprising 83.3% of its total spending during the three year period. BLM Global Network granted $328,000 to outside organizations, which include local BLM chapters, during that same time frame, a figure that represents about 6% of its total spending.
“The numbers you have for the prior years do not reflect, for example, the in kind support for chapters and fundraising directed to chapters and programmatic assistance to chapters, that would not show up as direct grants on the audited financials,” BLM Global Network Managing Director Kailee Scales told the DCNF on Tuesday. “That work was carried out by employees and consultants to BLM.”
But Scales did not answer when asked how much of its spending during that timeframe reflected the in-kind assistance she says BLM Global Network gave to its local BLM chapters versus the development of the various art projects the organization advertises as program areas on its website.
Additionally, Scales said her organization is not responsible for preparing the financial statements, noting that they were prepared by Thousand Currents, a California charity that has acted as a fiscal sponsor for BLM Global Network since 2016.
“The numbers you cite from the annual information return form [sic] our fiscal sponsor reflect IRS-required reporting categories that bear no relationship to how our programs have actually been run,” Scales said. “These are not numbers developed by BLM Global Network Foundation and we cannot speak to how they were calculated.”
Scales also said BLM Global Network has upped its grant-making activities substantially during its current fiscal year, granting “over $770,000” to outside organizations between the beginning of June 2019 and the end of April 2020. Financial statements for BLM’s current fiscal year are not yet available.
On June 11th, however, BLM Global Network announced that it was launching a $6.5 million fund to support its local chapters with grants of up to $500,000 following a flood of donations that came after the high-profile death of George Floyd.
And on Wednesday, BLM Global Network announced an additional $6 million grant to support black-led grassroots organizations.
According to the AP, the group told them that they’ve received more than 1.1 million donations since Floyd’s death. The average donation was $33.
The Daily Caller concludes:
A spokesperson for Thousand Currents, which was formerly called “IDEX,” confirmed in an email to the DCNF that it was approached by BLM Global Network in 2016 to create a fiscal sponsorship arrangement, which enables the activist group to use Thousand Currents’ charitable status to receive tax-deductible contributions.
Featured image credit: Doug Turetsky – flickr.com/photos/dmtnyc/49984005501/