The Libertarian Party Is Effectively Cash Broke

Oh well, it was a good 50 year run.

"As of the end of July, the LNC had $341,198 in the bank, to be matched against $323,244 in accrued expenses and liabilities and $29,815 in the credit card balance. Note that until April of this year that credit card balance was usually under $3,000. The net result is that the nominal cash reserve is negative. It is -$10,012.

For the month of July, there was $95,022 in general fundraising, $278 for restricted project, and $1290 in other income, for a total of $96,590. In the same period, the national committee spent $114,196, meaning that the net result was a loss of $17,606. In the last six months, the LNC has spent $166,671 cash out the door more than it had in income, including being in the red five months of the last six, this sixth being April in which the balance sheet was $6,566 in the black.
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The August membership report is not available yet. It seems that the staff is still attempting to recover from the change to the new CRM. However, there is a membership report complete through June. The report shows that membership peaked at well under 13,000 in March, and has been falling ever since. There is no indication of a bump in membership near the date of the convention.
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The traditional election year bumps upward in LNC income and national party membership are noteworthy for their absence."

- rest of article at LNC Financial and Membership Reports for July – Third Party Watch