Sharpton Group Reports Deficits, Tax Debt Plan

Smoking Gun, January 29, 2015

In a new tax filing, Al Sharpton’s not-for-profit organization reports that despite skyrocketing revenue, it ran a hefty deficit, was forced to borrow nearly $200,000 from the reverend himself, and even saw the group’s long-delinquent Internal Revenue Service bill grow.

The latest glimpse into the shaky finances of the National Action Network (NAN) comes via the organization’s latest tax return, which was signed in mid-November by Sharpton, the group’s president, CEO, and highest-paid employee. The return, which covers 2013, describes Sharpton’s outfit as a “Christian activist social justice organization.”

According to the IRS return and an accompanying financial statement, NAN’s revenue–generated primarily through corporate sponsorships–topped $4.9 million, nearly $900,000 more than the prior year. However, the organization’s spending outpaced revenues, leaving NAN with a deficit of $264,000 for the year (which pushed its total liabilities to $1.337 million).

The Sharpton group’s largest debt remains its IRS tab for nonpayment of years worth of federal payroll taxes, as well as assorted interest and penalties for late or non-filing of tax forms. NAN’s federal tax liability rose slightly in 2013 to about $820,000.

A financial statement prepared by NAN’s accountant in November notes that the group recently “negotiated an installment agreement” that requires it to pay $15,000-a-month for five years to make good on its tax debt. A prior financial statement claimed that Sharpton’s group had been negotiating with the IRS over its unpaid taxes since February 2010.

Sharpton, 60, individually owes several million dollars in unpaid state and federal taxes, according to a recent New York Times report.

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  • phorning

    I can’t believe any other business that refused to pay payroll taxes for this many years would be allowed to continue operations. The IRS should start holding it against the employees when they file their personal tax returns. The money that is being withheld from their checks isn’t making it to the Treasury so don’t give them credit for it.

  • MekongDelta69

    Nothing ever has, or ever will happen to Sharp-Tonnage, until Whites in power grow a spine.

  • Easyrhino

    “Sharpton, 60, individually owes several million dollars in unpaid state and federal taxes, according to a recent New York Times”

    Why isn’t this doofus in jail for tax evasion?

    Does anyone think if a guy with Jared Taylor views, owed millions in back taxes he’d be allowed to walk free? So much for “White Privilege”.

  • De Doc

    How rich is Sharpton? He’s n*g*a’ rich!

  • Luca

    Sharpton takes in $4.9 million in corporate sponsorships (blackmail, shakedown money) but outspends it with limos, first class plane rides, bags of blow and fancy Hotels.

    Proof, once again, no matter how much money you give a negro he will spend it on nonsense like a 5-year old with a credit card.

  • TruthBeTold

    The latest glimpse into the shaky finances of the National Action Network (NAN)

    Most liberal groups would fold in a heartbeat if it wasn’t for shady funding sources.

  • Rhialto

    This accountin’ s**t be Raciss!

    Dr. Lickster B. Blackhold, Chairperson Urban Economics Department, Bethune Cookman Institute of Advanced Afro-Studiousness

  • Steve_in_Vermont

    Of course he gets away with this. He has the “race card” to play, sort of like playing monopoly and having a permanent get out of jail card. And being an “advisor” to the mayor of NYC and the President doesn’t hurt either.

  • Tarczan

    I do wonder about Rev. Al. He used to be a fat guy, but now he looks unhealthily skinny.

    • Oil Can Harry

      Word on the street here in NYC is he has AIDS but there’s no proof behind it.

    • nicholasstix

      I have no proof, but my hunch (seconded by The Boss, who is a nurse) is that he’s a diabetic, and his doctor told him he had to shed all the weight, or die in short order.

    • throttler

      Cocaine will do that to you.

  • Charles Martel

    He’s Obama’s buddy BECAUSE he’s black

  • throttler

    Seeing that picture of Al Sharpton with his big pie hole open, I fantasize that a hockey player will shoot a burning hot coal into his mouth.

  • FransSusan

    Al doesn’t have to pay taxes. It’s just another way the US government via taxpayer $$ supports him. He gets all sorts of funds from government grants for that NAN fake-charity outfit of his. He’s a cruelty joke on white taxpayers. Well, actually black taxpayers, too, because they think he’s on their side.