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Post by oldarmybear on Jun 15, 2019 11:17:44 GMT -5
Inside the NRA’s finances: Deepening debt, increased spending on legal fees — and cuts to gun training
The National Rifle Association spent growing sums on overhead in 2018 even as it cut money for core activities such as gun training and political efforts, ending the year deeper in debt, new financial documents show.
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The gun rights group’s 2018 financial report, which was obtained by The Washington Post, portrays the longtime political powerhouse as spending faster than its revenue rose.
The records show that the NRA froze its pension plan for employees at the end of last year, a move that saved it close to $13 million, and obtained a $28 million line of credit by borrowing against its Virginia headquarters.
Despite that, the nonprofit group, four affiliated charities and its political committee together ended the year $10.8 million in the red. In 2017, the six groups ended the year with a $1.1 million shortfall.
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Brian Mittendorf, an Ohio State University accounting professor who has studied nonprofits, including the NRA, and examined the 2018 report for The Post, said it depicted “a bad year for them financially.” He compared the NRA to a person living paycheck to paycheck, leaning on credit cards with very little cushion.
“They’ve never exhibited extreme financial conservatism,” Mittendorf said. “They’ve largely spent what they could.”
NRA spokesman Andrew Arulanandam declined to address the group’s financial trends but said the annual report shows the organization making “financial and administrative decisions that work in the best interests of its members.”
“In the last three years, the NRA has raised more than a billion dollars, played an important role in getting President Trump elected and continued to successfully defend the freedoms of gun owners everywhere,” he said. “That is the true measure of the organization.”
In a letter in May to NRA members, a group of board members and past presidents said the organization is on budget for 2019. “Our financial house is in order,” they wrote.
Read more here: www.msn.com/en-us/news/us/inside-the-nras-finances-deepening-debt-increased-spending-on-legal-fees-%e2%80%94-and-cuts-to-gun-training/ar-AACTBYI?li=BBnbcA1&ocid=iehp
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Post by oldarmybear on Jun 15, 2019 11:18:49 GMT -5
After researching this a little more I may just reconsider the amount of my annual gift to the NRA.
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Post by katie5445 on Jun 16, 2019 1:04:58 GMT -5
People or should I say the right wing has surmised that the NRA was only a group for the right, as is owning weapons. That until the last several years is untrue. I knew plenty of the so called left that owned weapons, including myself and those who have belonged to the NRA and have dropped out. Lobbying with that kind of money is bad enough but they have turned against much of what they use to support.
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Post by george on Jun 16, 2019 7:11:59 GMT -5
As long as the NRA is extremely offensive to liberals I will probably donate. Some of their policies make me scratch my head too.
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Post by skrumpie on Jun 16, 2019 7:36:46 GMT -5
I am loathe to take, with anything but a grain of salt, anything 'exposed' by the Washington Post, and 'investigated' by the New York Attorney General's office.
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Post by george on Jun 16, 2019 9:25:08 GMT -5
I am loathe to take, with anything but a grain of salt, anything 'exposed' by the Washington Post, and 'investigated' by the New York Attorney General's office. You are absolutely correct. I am skeptical of anything I read by the media.....and damn careful what I believe in a book as well. |
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Post by katie5445 on Jun 17, 2019 21:08:48 GMT -5
I am loathe to take, with anything but a grain of salt, anything 'exposed' by the Washington Post, and 'investigated' by the New York Attorney General's office. I'm shocked, yet The Post did get it correct decades ago. |
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Post by Deleted on Jun 19, 2019 20:25:46 GMT -5
You mean when they said the earth was round..??? Come on, share your point...you know we are all dying to know when the Post was correct...Miracles still happen or at least, you think they do...
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Post by katie5445 on Jun 20, 2019 0:06:44 GMT -5
Well whether your flavour they have been and that isn't the point, although it quickly turned that way. No one addressed what Bear had to say, not one word but it was quickly jumped on when I did, wasn't it? At least he had the brains to question something, the rest of you The Post or me. Not exactly the right reply for being objective is it?? What does show, Bear thinks, the rest of you just react, to most anything actually without thought.
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Post by katie5445 on Jun 20, 2019 1:21:51 GMT -5
You mean when they said the earth was round..??? Come on, share your point...you know we are all dying to know when the Post was correct...Miracles still happen or at least, you think they do... Don't say that, as it will certainly be your demise how about Watergate, got it right didn't they, much to the sad wah, wah of republicans, who finally ate it and cried like babies. Miracle, hardly persons perservering while getting crap. I don't believe in miracles, I believe in the truth and what came out then will come out ten fold now in the end. |
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Post by oldarmybear on Jun 20, 2019 7:47:28 GMT -5
Quit living in the past, Katie. Watergate was almost fifty years ago. Anyone can be a success if they choose to be successful. All it takes is desire for change and hard work.
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Post by skrumpie on Jun 20, 2019 7:49:38 GMT -5
Katie, you do realize that you are giving them credit for something that happened in 1972, right?
47 years ago.
What have they been right about in, oh, let's say, the last three years?
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Post by Deleted on Jun 20, 2019 8:16:44 GMT -5
1. Several people addressed Bear's opening topic...Stop trying so hard to play the victim..it isn't attractive or accurate.
2. One correct story in nearly 50 years...Sure, let's all jump up and down and slap 'em on the back. Do you really think that sets a good example of responsible reporting?
3. Wishing is for birthdays and penny pools...but truth has nothing to do with wishing...but you keep on wishing for another "Watergate", despite what it could do to our country. Like I keep saying...liberals care more about hating Trump than they do about keeping our country safe, stable, and united.
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Post by Bogus0Pomp on Jun 20, 2019 12:33:34 GMT -5
Only the first three replies, from Bear, Katie, and George, dealt with Bear's opening topic. Saying "several," as literally correct the use of the word is, sounds ever so much better than saying "three" or "a few." LOL
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Post by Deleted on Jun 20, 2019 12:55:21 GMT -5
Several covered the situation quite well, while Katie's comment... " No one addressed what Bear had to say, not one word but it was quickly jumped on I did, wasn't it?" was total BS.
Why not comment on the lie, instead of whining about the use of a word that suited the two or three addresses that Bear's topic received ??? You really don't seem to choose your priorities well.
sev·er·al
/ˈsev(ə)rəl/
determiner & pronoun
determiner: several; pronoun: several
1.
more than two but not many.
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