Three years after George Floyd's death elevated Black Lives Matter to global prominence, the radical leftist organization is suffering financially and reportedly on the way to bankruptcy.
The Washington Free Beacon reports that BLM incurred major losses last year, due to a combination of poor fundraising and exorbitant payouts to the group's leaders.
The organization took in $9.3 million in 2022, according to tax returns, a steep drop of 88 percent from the year prior, while racking up an $8.5 million deficit.
Even still, the group continued to pay out massive contracts and "consulting" fees to the group's leaders and their relatives.
It's a sobering turn of events since 2020.
As rioters looted and smashed up businesses, BLM fanned "mostly peaceful" destruction and raked in loads of cash, which co-founder Patrisse Cullors later described as "white guilt money."
Once the flames of revolution died down, BLM came under financial scrutiny and Cullors was pressured to resign over her extravagant real estate purchases.
But her relatives and friends have continued to profit. Her brother, Paul Cullors, received $1.6 million for "professional security services" last year, and he also drew a cushy $126,000 salary as "head of security" despite no relevant experience.
"While Patrisse Cullors was forced to resign due to charges of using BLM's funds for her personal use, it looks like she's still keeping it all in the family," said Paul Kamenar, an attorney for the National Legal and Policy Center watchdog group.
Cullors' successor Shalomyah Bowers raked in $1.7 million for vague "management and consulting" services, while Danielle Edwards, sister of former Black Lives Matter board member Raymond Howard, received $1.1 million in "consulting" fees.
The Free Beacon reports that BLM has now "blown through two-thirds of the $90 million it raised in the wake of George Floyd’s death."
So, what is BLM's legacy? They helped put Biden in office. They lined the pockets of some professional activists. Innocent people were injured or killed in their riots, racial divisions deepened, and they made cities less safe with defund the police policies.
But they aren't finished. The leftist race racket continues to agitate for divisive "equity" policies as plans for slavery reparations gain traction across the country.
And with BLM running out of "white guilty money," the organization has fresh incentives to stir "mostly peaceful" chaos again.