Think Progress -The National Rifle Association has lost tens of millions of dollars in membership dues since the 2016 election and is more than $30 million in debt, according to an audit obtained by OpenSecrets.
The gun advocacy group previously alleged financial hardship in a lawsuit filed earlier this year, citing “serious difficulties obtaining corporate insurance” after Lockton dropped the NRA’s gun owner insurance.
The group is also facing a serious decline in revenue from its members, per the “new third-party audit of the group’s finances” acquired by OpenSecrets, which shows membership dues dropped by more than $25 million in 2017. After reporting $27.8 million in assets in 2015, the NRA is now $31.8 million in debt.
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