The National Rifle Association released the required financial information for the most profitable year for donations and gun sales ever recorded.
Often referred to as a “surge year,” 2013 afforded the NRA a total revenue of $347,968,789, according to the filing with the Internal Revenue Service. That’s $91 million more than the year before.
The surge is credited to the fear of lawmakers passing stricter federal gun laws in the wake of the Sandy Hook Elementary School shooting in December 2012 when a deranged gunman killed 20 first-graders and six educators before taking his own life.
Exact figures for gun sales are difficult to estimate since most gun companies are private companies, but background check figures are available. The Federal Bureau of Investigation’s National Instant Criminal Background Check System processed more than 19 million checks in 2013.
Also, two large, publicly traded companies — Smith & Wesson Holding Corporation and Strum, Ruger & Co. — reported sales increase by more than 70 percent. The gun industry’s lobby, the National Shooting Sports Foundation, estimated a $37.6 billion economic impact in the U.S. in 2013.
The NRA saw an influx of revenue overall from contributions and grants, program services, investments, and various other revenue streams.
Donations accounted for $96.4 million, which come from an assortment of companies and private donors; member dues and program fees made up $183.5 million; and selling ads, magazines and products from the NRA cafe made up $28.6 million.
Of the $348 million, the gun lobby spent $290,550,357 on expenses, which accounts for $84,033 on grants, $7.2 million on professional fundraising, $56 million on salaries and employee benefits, and $227.2 million on “other expenses.”