Black Lives Matter PAC siphoned away almost all of its cash reserves during the first three months of 2022, with the largest chunk of funds going to a firm owned by a BLM board member.
BLM PAC ended March with just $19,750 in the bank after raising $80,000 and spending $116,000 during the first quarter, according to a filing submitted to the Federal Election Commission on Friday. The group has burned through nearly 94% of its available cash reserves since the start of 2021, when it controlled a $305,000 war chest.
The national BLM group voluntarily shut down its ability to raise charitable funds on Feb. 2 following a Washington Examiner investigation into its lack of financial transparency, which prompted multiple states to issue demands to the group to cease its fundraising activities. When cash was flowing into BLM PAC's coffers in 2020, the group paid $150,000 to an art firm run by the father of BLM co-founder Patrisse Cullors's only child to co-produce an election night livestream that industry experts said should have cost a fraction of the price to produce.
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