‘Black Lives Matter’ Not Recognized IRS Charity, Raises Funds Through ‘Fiscal Sponsor’

Posted on AllSides June 22nd, 2020
From The Right
FACT CHECK

Earlier this month, FactCheck.org and Politifact confirmed that Black Lives Matter Global Network is not a recognized IRS charity, instead raising their funds through a fiscal sponsor, global nonprofit Thousand Current, which would likely “have a legal obligation to make reasonable efforts to ensure that the funds they receive are spent consistent with 501(c)(3) restrictions.” Some critics of the group suggest that its financial arrangement “blocks full transparency.”

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