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.
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.
https://www.msn.com/en-us/news/us/inside-the-nras-finances-deepening-debt-increased-spending-on-legal-fees--and-cuts-to-gun-training/ar-AACTBYI
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