After a report came out yesterday showing the NRA lost $55 million dollars in revenue in 2017, the gun rights organization has fired several employees, including NRATV host Cameron Gray. Gray broke the news on his personal Twitter account earlier today.
AXIOS reports that the drop in revenue is from “sharp declines in membership dues and contributions” and that the “NRA took in $128 million in membership dues in 2017, a significant drop from its $163 million figure in 2016, and it reported just $98 million in contributions in 2017 after receiving $125 million in 2016.”
An article in USA Today says that the gun rights group may soon cease to exist because it’s facing hefty legal battles which may drive the NRA to bankruptcy and cause the organization to cut out its streaming TV service completely.
The NRA claims in its lawsuit that it has lost its insurance coverage, something it claims its carrier wouldn’t renew for “any price.” New York, the NRA says, has interfered with its business by coercing “insurance agencies, insurers, and banks into terminating business relationships with the NRA that were necessary to the survival of the NRA.”
“If the NRA is unable to collect donations from its members, safeguard the assets
endowed to it, apply its funds to cover media buys and other expenses integral to its political speech, and obtain basic corporate insurance coverage, it will be unable to exist as a not-for-profit or pursue its advocacy mission,” the lawsuit states. “Defendants seek to silence one of America’s oldest constitutional rights advocates. If their abuses are not enjoined, they will soon, substantially, succeed.”
Twitter users offered their “thoughts and prayers.”
Thoughts and prayers, dude.
— Immune to Boredom (@immunetoboredom) November 28, 2018
— Dwayne S. (@ShotinTexas) November 28, 2018