Black Lives Matter’s finances hit hard times

Black Lives Matter’s finances hit hard times

The racial activist group has increased management spending even as donations plunged nearly 90%

Black Lives Matter is spending money at double the rate it takes in revenue as donations to the activist group plummet and management costs rise, causing its asset base to shrink.

Donations to BLM’s Global Network Foundation tumbled to less than $9.3 million in its latest fiscal year, ended on June 30, down a staggering 88% from the preceding 12 months, according to state tax filings. Revenue was even lower, at $8.5 million, amid investment losses, and the group’s spending totaled over $17 million, or twice…