NRA's path to recovery from financial woes leaves the gun group vulnerable to new problems

[marmar]

(The Conversation) The National Rifle Association’s financial firepower, which arose in part due to its large and loyal membership base, has long been one of the gun group’s main sources of strength.

But the NRA has in recent years faced a financial tsunami, one that came to light after the 2016 election. A swirl of disagreements with longtime business partners, accusations of waste and misspending, ballooning debt and lawsuits from the New York and Washington, D.C. attorneys general have triggered one embarrassment after another. The NRA tried to declare bankruptcy to cushion some of these blows, with no luck.

At this point, the threat of being forced by the authorities to shut down due to alleged improprieties is minimal. But has the NRA managed to weather its financial storm?

As an accounting researcher who focuses on the financial performance of nonprofits, I have been closely studying NRA finances throughout its crisis. I can say the NRA financial picture is, as of early 2023, a mixed bag. The gun group has shored up its financial position over the last few years. However, the way in which that financial recovery came about risks hemorrhaging the NRA’s core supporters. ...............(more)

https://theconversation.com/nras-path-to-recovery-from-financial-woes-leaves-the-gun-group-vulnerable-to-new-problems-201144

[AndyS]

1. The good news is this looks like a permanent spiral.

The bad news is there are some real crazies out there like GOA.

The real mover and shaker out there is the National Shooting Sports Foundation, the real power behind the gun lobby.

[SYFROYH]

2. The NRA loses its power when the threat of gun bans and onerous restrictions is low.

The conservative SCOTUS may be the NRAs undoing.

But then again people have been predicting the end of the NRA for a long time.

[Initech]

3. May they never recover. They have done so much damage to this country.