NRA Reports $55 Million Loss After Spending Record Number to Help Elect Trump

NRA Reports $55 Million Loss After Spending Record Number to Help Elect Trump

The National Rifle Association reported that their income has dropped by $55 million last year after they spent a record amount to help elect President Donald Trump, The Daily Beast reports.

According to tax records obtained by the outlet, the NRA reported receiving $98 million in contributions last year, way down from the $125 million they raised in 2016.

According to the records, nearly 20 percent of all of last year’s contributions came from a single anonymous donor, who gave the NRA $19 million in 2017.

The group also saw its membership dues fall. The NRA reported receiving $128 million in membership dues in 2017, compared to $163 million in 2016.

In total, the NRA reported $312 million in income in 2017, down from $367 million in 2016.

The NRA spent $76 million to support Trump’s campaign in 2016.

Drop comes after NRA complains Dems are choking their finances: In a lawsuit against New York Democratic Gov. Andrew Cuomo, the group complained that the state’s urging financial institutions to sever their relationship with the NRA could kill its mission.

"If the NRA is unable to collect donations from its members, safeguard the assets endowed to it, apply its funds to cover media buys and other expenses integral to its political speech, and obtain basic corporate insurance coverage, it will be unable to exist as a not-for-profit or pursue its advocacy mission," the complaint said.

NRA outspent by gun groups in midterms: Despite their big spend in the 2016 election, gun control groups outspent the NRA this cycle. The Guardian reported that two groups, Everytown for Gun Safety and the Giffords campaign against gun violence, outspent the NRA by $11 million in the midterms.

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