Everytown’s Finances

pagunblog.com ^ | 1/8/2020 | Sebastian

[rktman]

I’ve done a lot of Form 990 analysis on this blog over the years, but a change to the tax requirements for non-profits gives us some more insight. Previously, the IRS did not make the Schedule B public, which for most non-profits lists any donor over $5,000, but for 501(c)(3)s lists any donor that goes over 2% of funds raised. Recently the rule was changed so that non-profits could submit their Schedule B without identifying information. This provides some transparency but without allowing the Twitter mobs to target big donors.

So Everytown raised a record 67 million dollars in 2018, according to their Form 990. According to the Schedule B, 39 million of that was raised from one donor. I think we can all guess who that is. But even Mike Bloomberg has friends. They raised 4 million more dollars in million dollar donations. That takes us up to 43 million raised from rich assholes. If you count the rest, if my math is right, Everytown raised 47.2 million in donations over $5000, leaving about $20 million raised in increments lower than $5000. Now that’s way more than Brady could have dreamed of a few years ago, but 47.2 million will buy you more fundraising muscle than Brady could have afforded.

[rktman]

And yet, it's the NRA that's "buying" influence.