This week, we're taking a deep dive into the National Rifle Association's latest financial report.
That's why we have non-profit expert and Ohio State University accounting professor Brian Mittendorf back on the show. The NRA just had its annual meeting in Atlanta, Georgia, which I was able to attend and pick up copies of the group's latest annual report. That report shows the membership dues, legal spending, and even conflicts of interest at what remains by far the nation's largest gun group.
Professor Mittendorf said the numbers showed an organization that's still in decline, and still racked by legal costs. However, he also said the NRA's slide is slowing, and there are clear opportunities for them to stabilize or even rebound.
He noted that legal spending, while still sky-high compared to their pre-scandal days, is falling. In fact, the group's new CEO said legal fees had dropped dramatically from even the time the latest report covers. Mittendorf said that alone could free up tens of millions of dollars, without raising new funds, to put toward the core services the group has cut over the years--something that could pull members back in.