Report: NRA’s Tax Exempt Standing Threatened By Shady Business Dealings
One of the more controversial organizations commonly associated with the Republican party is the National Rifle Association. The NRA has been connected to everything from school shootings to attempted spying efforts by the Kremlin.
The controversies have added up and the organization has lost countless members and is now losing money. A newly uncovered financial impropriety scheme may cost the NRA what it values most, its tax exempt status.
The scheme was discovered in a dual effort by The Trace and The New Yorker. According to reporter, Mike Spies, “Hundreds of millions of dollars were siphoned off to top NRA executives and vendors, and that public relations firm Ackerman McQueen, which has worked with the gun group since the 1970s, is essentially running the ship.”
Spies also found that, “Memos created by a senior NRA employee describe a workplace distinguished by secrecy, self-dealing, and greed, whose leaders have encouraged disastrous business ventures and questionable partnerships, and have marginalized those who object.”
Marc Owens, a former supervisor at the IRS, feels this behavior could mean the end of the NRA’s tax status. He says, “There is a tremendous range of what appears to be the misuse of assets for the benefit of certain vendors and people in control. Those facts, if confirmed, could lead to the revocation of the NRA’s tax-exempt status.”
A loss of tax exempt status could be the death knell for the struggling NRA. The organization has yet to comment on the report from The New Yorker and The Trace.