Politics

Tea Party Group FreedomWorks in Financial Trouble

Has taken out $1 million line of credit

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WASHINGTON — The tea party group FreedomWorks has fallen into dire financial straits, and was forced to take out a $1 million line of credit earlier this year, sources close to the organization told BuzzFeed.

The conservative nonprofit, which raised more than $40 million in 2012, has brought in less than $10 million this year, according to the sources. And former employees say the group's rank and file have grown increasingly frustrated with what they view as management's exorbitant expenditures, including a pricey craft beer bar and fancy Las Vegas hotel rooms that rack up thousands of dollars a night in charges.