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How The NRA Ended Up On The Verge Of Bankruptcy

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The NRA is mired in controversy. With about 5 million members as of July 2019, the NRA is one of the most powerful special interest groups in the U.S. But, claims of financial wrong doing have led to multiple investigations in Congress and in New York State that are threatening the groups survival. And, while the group did have some money problems in the past, 2016 proved to be a devastating blow to its finances. The NRA reported a staggering $46 million loss. » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC How The NRA Ended Up On The Verge Of Bankruptcy
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Text Comments (1279)
adam latham (3 days ago)
I should never be forced to pay taxes to keep this group in buisness.
Francisco Contreras (18 days ago)
That's why we have too many stupid idiots loose in the streets attacking innocent people
Devin Petersen (24 days ago)
The NRA used to protect doners by offering services to doners such as insurance, air travel discount ect. They stopped doing that and of course now old Wayne and his cronies just pocket their money. Unfortunately people would rather blame a tool instead of the foul person behind it.
Rein Pinebook (1 month ago)
2:03 i thought he's carrying the ten commandments.
Frank Bishop (1 month ago)
Make no mistake. I am an NRA member and a 2A advocate. I question the statistics in this video. However, I agree completely that the NRA needs to do some serious housecleaning. Wayne La Pierre gave himself a 57% raise in salary in 2019. He now "earns" annually a staggering $2.2 million + benefits + bonuses. I do not know what the other executives make, but I am sure it is not chump change. Then, the NRA turns around and begs donations from its rank and file. I am not currently donating, and I am considering not renewing my membership (when my current membership expires). I want to see Mr. La Pierre disappear, and I want to see some general housecleaning.
Steve Lampley (1 month ago)
Who needs them! Good riddance!
Wumbo (1 month ago)
Jesus these poor people. blatantly uncultured and need to worship intimate objects and imaginary beings and Gods. These people need to be nuked off the face of the earth
Grand D (1 month ago)
Col North is CIA, good riddance to him
Chris Sadler (1 month ago)
So glad to see this organization hurting. I will love to watch it's fall.
Dimitri Rodriguez (2 months ago)
Meh, Good riddance. I legally own several guns. I obey the law and don't need some crooked as organization to "PROTECT MY RIGHTS".
redskysaturn75 (2 months ago)
It's so simple, one man just walk up and shoot the NRA president and a few of his top men during one of his walkabouts, it will be the biggest irony.
TRB GunHonesty (2 months ago)
What? You mean the NRA is like millions and millions of other decent Americans that have looked down the reality of bankruptcy? Hmm, whudda thunk it?
allgoo 19 (2 months ago)
In a way, you can say that it was Trump who took down NRA.
allgoo 19 (2 months ago)
It's easy to save the NRA. Elect the democrats, specially the president. Then the donation will start rising again. It's amazing they still can't figure this out.
allgoo 19 (2 months ago)
NRA is fighting for the right of people? lol It's fighting for the corporate profit. Majority of people are losing the rights to live safely because of NRA. If you think it's fighting for you, why don't you send them some money to save it from bankruptcy? Nothing is free, right, free market loving capitalists?
Aukusti Valli (2 months ago)
Question: Who really need guns? Answer: Nobody.
Lamine Dieng (3 months ago)
Most of there members are whites. Kkk??
Kompat Ekkawinsakul (3 months ago)
Arm race never ends well.
mine own (3 months ago)
Lawsuits and suits.
Oisin Murphy (3 months ago)
I hope it dies soon & never comes back.
Shion Moon (3 months ago)
2:09 what are you? some sort of games villain? :D
John Kristian Aasen (3 months ago)
USA's corrupt political system gives NRA more power than the president. USA - a third world country
woman (1 month ago)
You know nothing 😂
Andromahlius (3 months ago)
Can't they just shoot each other ?
C R (3 months ago)
Corrupting politicians takes a lot of money, who would've known?
Big Blue (3 months ago)
Surprised me too
D. G. (3 months ago)
"is this the end of the NRA?" Probably not, but we can dream can't we?
AGgleusr (28 days ago)
LOL The NRA is just a brand, it represents millions of us that support the second amendment. We aren't going anywhere.
Federico Gavioli (3 months ago)
Aaaand that's why Europeans laugh at Americans
Federico Gavioli (1 month ago)
"There is no such thing as innocence, only levels of guilt" as the wise one said
woman (1 month ago)
@Federico Gavioli I'm sure there's much to laugh about Italy such as your insane aversion to roma women and children, horrible. that makes you a 3rd world country.
Federico Gavioli (1 month ago)
That doesn't mean we laugh any less hard ^^
woman (1 month ago)
No one cares about Italy except to vacation
mikei (3 months ago)
16:10 that’s like saying as long as people follow the law, they can have whatever murder machines their heart desires.... that’s not gunna stop people from dying honey.....
mikei (3 months ago)
NRA needs to die
mikei (3 months ago)
YESSSSSSSS
Jaymansalem 0nesze1os (3 months ago)
Why does this feel like a weird cult
Diego Bolanos (3 months ago)
WOW, so much people with so much fear, it is sad really. It is a shock to me, probably because where I live we don't have military at all, only armed police forces
Hye-Jin Kweon (3 months ago)
I find it interesting that the majority of the members are white.
Dustin Bell (3 months ago)
The majority of the population of the United states, Europe, and Canada are white to. So your point is?
Neil H.G. (3 months ago)
It's Obama's fault.
Sonic Crash (3 months ago)
I use to be NRA member before they went NUTS. I had to leave when they went to far I really like the programs they had on firearm ownership and safety
Potgieter huis (3 months ago)
I am very much pro gun, I collect and own a couple already. and I very much enjoy target rifle shooting. but as much as I am pro gun, I am also pro SENSIBLE gun control. you can argue all you want, there are simply people out there that are not suited to own firearms, for what ever reason, and every effort should be made to keep them out of their hands. but I also feel that punishing everybody for the mistakes of other is a bit harsh. I do not drink, but do not blast people who enjoy a drink. banning all guns is like banning alcohol. I think more lives and homes have been destroyed by the bottle versus a rifle/pistol barrel, but yet there is no call for a ban on drinking or limiting alcohol content or type. firearms are controversial, and can destroy life. but there are many, many, many I feel valid reason why people would want to own firearms, and they should be able to if they are responsible with them
ZImpresive (3 months ago)
NRA is a Joke. It should go back to it's intended purpose and Teach people about Guns and Gun Safety.
Todoroki Touya (3 months ago)
How is it a none-profit and yet all about money? Tax fraud?
jtjr26 (3 months ago)
Like many large organizations some of their problems are internal. They need better financial transparency.
Jacob Zondag (3 months ago)
When it's justified for a private person to own a 3600 rounds of 20mm ammo per minute firing gun on a tank chassis or even a live 60 ton tank, then surely there has to be something wrong with that 2nd Ammed.
Jacob Zondag (3 months ago)
The NRA should start supporting democratic candidates, it will be handier to get the bills paid.
VobisPacem (3 months ago)
Go dead already NRA, so we can stop selling machine guns to mass murderers. NRA politics is the reason law-abiding citizens can't have good guns.
hunnerdayEDT (3 months ago)
My concern is that the NRA protects the guns more vehemently than they protect the people. I'm all about the 2nd amendment but the NRA is all about the monetary revenue that fear creates.
gaccer (3 months ago)
The USA looks really close to The Purge yo
Any Bag (3 months ago)
The NRA needs to quit being a single political party organization. The right wing has become fascist, and the fight for freedom from fascism is a liberal one. The organization forgot that defending freedom is one that ever American needs to be part of.
Out of The Hat (3 months ago)
A thinly disguised lobbying group owned by the top gun manufacturers isn't really vital to the American public or democracy.
Andrew j (3 months ago)
So thats the Wayne LaPierre that George carlin talking about?. Lol
Centaurist (3 months ago)
Thoughts and prayers to those affected by the collapse of NRA
bsr8129 (3 months ago)
the irony of all these people spouting about the 2nd amendment, yet they dont recite the whole 2nd amendment, just what they want to choose it to be.
YourTypicalMental (3 months ago)
As an non American I can't describe how disturbing your fascination with firearms is.
Orlando 1701 (3 months ago)
The NRA has nothing to do with individual gun rights. It's about protecting gun lobby profits.
Tiger Tiger (3 months ago)
Damn interesting n strangely 🤔🤔🙄 sad?? to see how the US gun culture and the US culture have twisted each other..? Grown people appearing to be willing to stand n shot out with the “authorities”..? over their guns... no other nation on the planet has these cultures and concerns... understandable?? Maybe..., but bizarre as well..?
P S (3 months ago)
We do not have a sane enough population for the NRA.
Just Riss (3 months ago)
All the fear of what Obama/a democrat would do and frump was the one who actually tried to restrict gun laws (until his private meeting with them and he was bought off).
Vibes (3 months ago)
You know it’s the people that’s kills people, not guns soo get thought your head
Ray A (3 months ago)
I don't see why not. When Congress wants to just stop the selling of high powerful guns, the NRA starts to brain wash people like Congress wants to take away guns entirely but that's not true.
Canine University 101 (3 months ago)
The NRA is going anywhere that is a fact :)
NightWi5h (3 months ago)
On the verge? Damn. So close.
Democracy dies in darkness (3 months ago)
NRA IS GREAT KILLING MACHINE.
Cheese Pie (3 months ago)
Everyone should be armed with nukes for the second amendment to keep up with technology.
РОГОФОС (3 months ago)
Fack NRA Everyone should value their right to not be shot at school over their right to shoot people at schools
РОГОФОС (3 months ago)
Capitalism, the sistem that values right to exploit others over right to not be exploited, is still a thing though, I guess its a thing for americans to have such strange priorities.
Alistair (3 months ago)
The great irony: oppose the the political party that increases your revenue and stops gun manufacturers from going bankrupt. The NRA opposing a Democrat President is like a turkey voting for Christmas
Darren Spohn (3 months ago)
They should lose their tax exempt status for be a political organization.
Jayden Brockington (3 months ago)
There’s a decent bit of misinformation on certain facts. But it seems mostly innocent. A lot of gun owners don’t trust the nra and a lot of owners don’t think of Donald trump as a pro gun president.
Donkey Farm (4 months ago)
OHHHH NOOOOO, THIS IS NOT THE "END" OF THE NRA, BUT IT IS THE END OF HONEST NEWS REPORTING IN THE UNITED STATES OF AMERICA, AND YOU CNBC, ARE Just ONE OF THE LEADERS IN "FAKE NEWS"!!!
Sam (3 months ago)
Lol idiot
Jared Andreae (4 months ago)
Ar15’s are not assault rifles
Jared Andreae (4 months ago)
The nra is a joke
Cosmic Clusters (4 months ago)
Lol the NRA does NOT care about your gun rights. They just want the right to keep selling guns to idiots and don’t care about anything other then 🤑🤑🤑
wizzzer1337 (4 months ago)
During Trump's 2.5 year ols administration I see more conservative figures and institutions fall than in 8 years of Obama. Maybe Trump is actually a Democrat manchurian candidate.
James Edwards (4 months ago)
A nearly 10% increase in gun ownership post-9/11 (8:06)
Zack A (4 months ago)
8:00 - video gun ownership is going down.... No - just fewer people are reporting they own them because they don't trust the government with that information... BIG DIFFERENCE!!!
Mr. West (4 months ago)
Philandro Castile was a licensed gun owner that was gunned down after he told LEO that he was in fact armed. The NRA said absolutely nothing. I was a member, keyword being was.
MAXIMUS (4 months ago)
Hope NRA dies soon
50caliberFistFK (4 months ago)
Hopefully the NRA will follow Trump right on down the toilet. Back and tie yourself to Trump, you deserve to go down with him. There are probably better gun clubs and groups you can join if you feel so inclined. Smaller and local is probably better anyway.
dank jr (4 months ago)
Just donated 100k to the NRA after watching this.
Jacoby McCrary (4 months ago)
the argument was never about people not having a pistol or a revolver or a shotgun. the argument is about these guns that can do 60 rounds a minute or whatever the math is, why do everyday people need military style weapons. that's the argument, you can't have a mass shooting with a pistol, you can get beat up before a whole heard of people are killed. what's next people can buy tanks now, will the argument be covered under the 2nd amendment. people are just ignorant and blinded by this, this thing was written when it took a person 5 minutes to load a gun, now a person can go hours on end without reloading and they think that a change to the law isn't needed.
Marshall Curtis (4 months ago)
NRA = gundamentalists = "We don't give a damn about how many people die in mass shootings. All we care about is our gun rights!"
Phillip Mulligan (4 months ago)
The NRA filthy rats have secretly spread into Canada under the guise of the Koch Brothers funded Fraser Institute. NRA go home. We know what dirty work you are up to in Canada. You are not going to undermine our Canadian way of life. Hearing about NRAs supposed threatened bankruptcy is fantastic news.
The Elite Playa (4 months ago)
The nra started with gun restrictions
IN A FLASH (4 months ago)
I'm sorry but if it takes you more than 2 bullets to hit your target in hunting, then you need to find another thing.
Allison Kniech (4 months ago)
*Kids die from a mass shooting* NRA Supporters, "WE WANT TO OUR GOD GIVEN RIGHT TO CARRY DANGEROUS WEAPONS"
Toni Kemppainen (4 months ago)
Change policies allowing the guns. Make it work.
Mar S. (4 months ago)
I'm all for Gun rights, however, we need common sense background checks and rid the population of war type weapons like AR-15s.
__spencer__ (4 months ago)
it's surprised that this is still being blocked right? It's bipartisan at this point
bubbala (4 months ago)
this points out my first impressions of the new troubles,,, the left May have simplistic solutions to mass shootings, but don't think they are not sophisticated in p.r. and dirty tricks. N.Y. STATE???
staytunedfor (4 months ago)
Hoping the NRA gets as dead as the victims of its conservative pro-mass shooting/let-anyone-have-a-gun agenda.
luckyyu2004 (4 months ago)
If NRA really means to advocate for gun safety, they would at least advocate for concealed carry more. It doesnt take much to realize that no one will have the gun with them when the shooting happen. Like who is carrying their gun with then 24/7 like a police? NOBODY is.
Corona Virus Beer (4 months ago)
Sounds about white 💊💉😂😳😈😵
Mario Palencia Gutiérrez (4 months ago)
Can you guys talk about how a lot of those guns end up arming the cartels and other criminal groups in Mexico and south america?
David Patton (4 months ago)
CNBC, the ultimate source of objective truth, will never acknowledge the need of the U.S. Constitution and the vision of the Founding Fathers of the 18th century; with or without the NRA's existence. Destroy the NRA and individual citizens will continue to fight for our Constitutional freedom to defend ourselves against persistent progressive aggression and their hatred for individual rights over central government tyranny.
Harpax A (4 months ago)
Time for this post '70 NRA to be expired...
aadempse00 (4 months ago)
Fast forward just one month and listen to almost all democratic candidates. Beto is literally stating using the government to confiscate your guns, so much for a NRA myth.
David Borromeo (4 months ago)
Future of 2nd ammendment. Ugh.
Francisco Susana Canela (5 months ago)
Why it is so difficult to eliminate the second amendment?
Rois Ibn Mukhlas (5 months ago)
at least NRA protect American Interest, unlike aipac
fer na (5 months ago)
Terrorist organization. You couldn't make a more pro NRA segment if you tried harder.
looneyflight (5 months ago)
More misuse of the term assault rife. Assault rifles are already banned.
Hammond Think (5 months ago)
Dont worry, they will buy more republicans to advertise for them and do tveir dirty work so they can survive
PinoEE (5 months ago)
I hate guns Take them away from people It would eliminate most crime
Ung Grabb (5 months ago)
Terror organisation for sure.
Jief Y (5 months ago)
Please, god, please,, let this evil organisation die!
PhantomMatrix (5 months ago)
No bailout for NRA this time!