Fact check: What are Black Lives Matter DC's most recent financial reports and spending breakdown

Executive summary: Black Lives Matter DC’s specific, standalone financial reports are not present in the supplied documents; the available materials discuss the Black Lives Matter Global Network Foundation, related entities, and investigations into financial practices. The most concrete financial disclosures referenced are the Global Network’s Transparency Center and archived Form 990s showing filings through FY2022–FY2023, publicized grant totals and fundraising figures from 2020, and PAC-level expenditures for the 2023–2024 cycle; questions about transparency and a Department of Justice probe are part of the record ^{[1] [2] [3] [4]}.

1. Why the question about “Black Lives Matter DC” is harder than it sounds: The supplied analyses show multiple legal and organizational entities using similar names—Black Lives Matter DC, Black Lives Matter Foundation Inc., and the Black Lives Matter Global Network Foundation—creating confusion about which financials correspond to which organization. Public filings and transparency pages mentioned in the sources focus on the Global Network Foundation and its Transparency Center, which hosts Form 990s and audits through FY2022–FY2023, but the materials do not surface a separate, recent financial statement explicitly labeled “Black Lives Matter DC.” Reporting and archival disclosures therefore track the network-level foundation’s finances rather than a localized DC chapter’s independent audited statements ^{[1] [5]}.

2. What the Global Network’s documents show about recent money flows: The Global Network Foundation’s public summaries and impact reports show major fundraising and grantmaking activity: a reported $90 million raised in 2020, operating expenses of roughly $8.4 million, and $21.7 million disbursed in grants as reflected in impact reporting and transparency materials. The Transparency Center is cited as a repository for tax filings and audits, with the most recent available Form 990 covering FY2022–FY2023, and the foundation notes it has submitted required returns and posted archival records to demonstrate accountability ^{[2] [1] [6]}.

3. What other official records add: PAC filings and administrative spending: Separate disclosure records for politically active affiliates show concrete expenditure lines distinct from the foundation’s charitable finances. The Black Lives Matter PAC for the 2023–2024 cycle reported spending such as $114,031 on strategy and research, $55,779 on administrative costs, and $10,697 on media, demonstrating that political and advocacy arms have traceable, itemized outlays in federal or PAC disclosures, but those figures do not map directly onto the foundation’s charitable Form 990s nor to a localized DC nonprofit unless explicitly consolidated ^[3].

4. Ongoing scrutiny and legal context that shapes financial narratives: Reporting and government action have added a law-enforcement and accountability lens to public discussion. A Department of Justice probe and related subpoenas and search warrants have been reported concerning the Global Network Foundation, prompting public statements and releases of tax documents by the foundation asserting that it is not a target of a criminal investigation while cooperating with inquiries. These developments have intensified scrutiny over allocation of donations, grantmaking, and internal controls, and they complicate public interpretation of what is “transparent” versus what remains under investigation ^{[4] [7]}.

5. Bottom line for someone seeking the “most recent financial reports and spending breakdown” for Black Lives Matter DC: The supplied sources indicate that the most accessible, recent, and documented financial records are the Global Network Foundation’s Transparency Center and Form 990 filings through FY2022–FY2023, plus PAC expenditure reports for 2023–2024; however, there is no explicit, separately labeled, recent financial report in the materials specifically for Black Lives Matter DC. To reconcile local DC finances, one must identify the exact legal entity operating in DC, request its filed Form 990 or audited statements if it is a tax-exempt organization, and review PAC filings or grant distribution lists for network-level transfers—steps the provided materials recommend via the Transparency Center and archived filings while also noting that critics and official inquiries have raised concerns about clarity and oversight ^{[1] [3] [8] [9]}.