NRA Reportedly $10.8 Million in Debt, Cutting Spending - 2019-06-15

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F375.png NRA Reportedly $10.8 Million in Debt, Cutting Spending June 15, 2019, Maxwell Tani, Daily Beast

The National Rifle Association reportedly ended 2018 about $10.8 million in the red as the organization's spending has come under legal scrutiny and sparked internal turmoil.

The Washington Post reported late Friday that documents showed the company had taken measures to cut its spending last year as it continued to lose money. The NRA took out a $28 million line of credit, and scaled back its services for members and employees, including cancelling some gun-training sessions and freezing its staff pension plan.

The company's electoral spending also decreased dramatically from past elections. According to the Post, which obtained an audit of the company that included its nonprofit arm, its political action committee, and several affiliated foundations, the company spent more money on expenses classified as travel and entertainment than it did on the 2018 midterm elections.

Wikipedia cite:
{{cite news | author = Maxwell Tani | title = NRA Reportedly $10.8 Million in Debt, Cutting Spending | url = | work = Daily Beast | date = June 15, 2019 | accessdate = June 15, 2019 }}