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NRA files to change status from charitable
Posted: Wed Jul 17, 2024 1:48 pm
by Grayling813
https://www.msn.com/en-us/news/other/ny ... r-BB1q2bF2
“We’re not a charity,” said board member and former NRA president Charles Cotton during testimony on Monday morning.
Cotton had signed papers to officially change that status last April
Re: NRA files to change status from charitable
Posted: Wed Jul 17, 2024 2:24 pm
by Paladin
According to an internal review conducted before the trial, the NRA has been bleeding cash and members, with both numbers plummeting from their peak in 2018.
The NRA’s total revenue in 2022 was only $277.7 million — nearly $140 million less than four years earlier.
In 2023, membership stood at 3.8 million, down from 5.2 million in 2018.
What is the plan going forward to turn this around?
Re: NRA files to change status from charitable
Posted: Wed Jul 17, 2024 6:49 pm
by PriestTheRunner
Paladin wrote: ↑Wed Jul 17, 2024 2:24 pm
According to an internal review conducted before the trial, the NRA has been bleeding cash and members, with both numbers plummeting from their peak in 2018.
The NRA’s total revenue in 2022 was only $277.7 million — nearly $140 million less than four years earlier.
In 2023, membership stood at 3.8 million, down from 5.2 million in 2018.
What is the plan going forward to turn this around?
Hopefully its to STOP COMPROMISING on anything. Don't give an inch.
Re: NRA files to change status from charitable
Posted: Tue Jul 23, 2024 10:52 am
by Rafe
I didn't bother to click to MSN (blech) but the NRA has never been, to my knowledge, a charity. Under its umbrella
are 501(c)(3) charities like the NRA Foundation and the NRA Civil Rights Defense Fund, but the NRA itself is not, and has not been, a charity.
The NRA is a 501(c)(4)--see
https://www.irs.gov/charities-non-profi ... 501c4--and that's why contributions to it at that organizational level are not tax deductible. Maybe this is intended to be a new change from that 501(c)(4) status; don't know. But the statement attributed to Charles is 100% correct: the NRA is not a charity in the eyes of the law.
Re: NRA files to change status from charitable
Posted: Tue Jul 23, 2024 10:53 am
by Rafe
OMG! My first successful post in almost a month! Just had to throw that in because I'm excited about it!
Re: NRA files to change status from charitable
Posted: Tue Jul 23, 2024 11:46 am
by oohrah
PriestTheRunner wrote: ↑Wed Jul 17, 2024 6:49 pm
Hopefully its to STOP COMPROMISING on anything. Don't give an inch.
And this why the NRA is losing ground. Intransigence never solved anything.
Re: NRA files to change status from charitable
Posted: Tue Jul 23, 2024 1:42 pm
by Grayling813
Rafe wrote: ↑Tue Jul 23, 2024 10:52 am
I didn't bother to click to MSN (blech) but the NRA has never been, to my knowledge, a charity. Under its umbrella
are 501(c)(3) charities like the NRA Foundation and the NRA Civil Rights Defense Fund, but the NRA itself is not, and has not been, a charity.
The NRA is a 501(c)(4)--see
https://www.irs.gov/charities-non-profi ... 501c4--and that's why contributions to it at that organizational level are not tax deductible. Maybe this is intended to be a new change from that 501(c)(4) status; don't know. But the statement attributed to Charles is 100% correct: the NRA is not a charity in the eyes of the law.
I understand what you're saying, I think it's possibly how NY law classifies it. Wording aside, the intent is to change from a non-profit to a for-profit.