The Black Lives Matter Global Network Foundation, the prominent nonprofit associated with the movement, is facing financial challenges.

According to the Washington Free Beacon, the organization reported a mere $9.3 million in contributions for its fiscal year ending in June 2022.

This amount represents a significant decline of $67 million compared to the previous fiscal year when the nonprofit raised $77 million.

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— Brandon Tatum (@TheOfficerTatum) May 10, 2022

The decrease in fundraising has likely affected the organization’s spending habits, which will be revealed in tax forms.

Prior to the decline in contributions, the BLM Global Network Foundation had allocated substantial amounts of money to individuals associated with the organization, their families, and property acquisitions.

Tax forms showed that the foundation had channeled nearly $4 million in consulting payments to its leader, Shalomyah Bowers, and individuals linked to co-founder Patrisse Cullors.

#BLM co-founder Patrisse Cullors compares her own book to Mao’s Little Red Book & encourages youth to buy her writing. Cullors was recently revealed to have a multi-million dollar home empire. She said those news reports promoted white terrorism. pic.twitter.com/1ITMO9UBSi

— Andy Ngo 🏳️‍🌈 (@MrAndyNgo) May 7, 2021

These funds included $2.1 million to Bowers Consulting, a company operated by Bowers between July 2020 and June 2021.

Additionally, the nonprofit transferred $970,000 to Trap Heals LLC, a company established by Damon Turner, the father of Cullors’ child, and $840,000 to Cullors Protection LLC, a security firm owned by her brother.

Cullors stepped down from her leadership position within the Black Lives Matter Global Network Foundation in May 2021 amid scrutiny surrounding her real estate acquisitions.

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The fraudulent foundation garnered unwanted attention when it was revealed that Cullors had purchased a $6 million mansion in Los Angeles. In response to the criticism, Cullors expressed discomfort with charity transparency laws, particularly the requirement for organizations to file Form 990 tax forms with the IRS.

Cullors stated, “It is such a trip now to hear the term ‘990.’ I’m, like, ugh. It’s, like, triggering.” She also admitted to not being aware of what Form 990s were before the controversy arose, despite her involvement with multiple nonprofits.

BLM co-founder Patrisse Cullors calls to "end the imperialist project that's called Israel." pic.twitter.com/0PgEtPMpVx

— The Post Millennial (@TPostMillennial) May 28, 2021

In the summer of 2020, the BLM Global Network Foundation became its own legal entity, necessitating the submission of tax documents.

Fox News Digital reached out to the BLM Global Network Foundation for comment but did not receive a response.