Thread by @timkmak

The NRA's revenue has HALVED since 2018, the high-water mark of the organization before it began its decline

A series of important stories from @StephenGutowski and The Reload this morning:

thereload.com/exclusive-nra-…

@StephenGutowski NRA also spending 20% of its expenses on legal fees, more than 10x what it spends on education/training/community engagement combined

One could argue that its morphed from a 2A org to one fighting desperately to keep Wayne LaPierre in power

thereload.com/exclusive-nra-…

@StephenGutowski Brian Mittendorf warns of an NRA death spiral:

"Drastic declines in spending on core operations create the potential for a revenue ‘death spiral’ in which cuts in core programs scare off members, which in turn necessitates further cuts... can be hard to reverse.”

@StephenGutowski There's also been widespread dismay about the state of the NRA's mismanagement within the 2A community.

And that's been reflected by internal financial docs which show the NRA's membership dipping to just over 4.5 million

thereload.com/internal-repor…

@StephenGutowski The NRA has also apparently misled the public about its membership in the past.

While the NRA has bragged about membership being "nearly 6 million," internal docs showt hat at its peak it reached somewhere between 5 and 5.5 million members

thereload.com/internal-repor…

@StephenGutowski There's been a longtime issue about whether the NRA is over-counting members -- there's very little in the public about whether there's a mechanism to remove deceased 'life members' from the membership list, for e.g.