The SPLC Is A Hedge Fund With A Dumb Anti-Racism Newsletter– thefederalist.com

Following the federal fraud indictment of the purportedly anti-racist Southern Poverty Law Center, the usual voices on the braindead political left have depicted the controversy as a mean right-wing attack on left-wing virtue.

The SPLC has due process rights, and the fraud charges have to be proved in court. But before you fall for the sob story about Mean Orange Man attacking the allegedly scrappy anti-racism warriors, take a look at the SPLC’s Form 990. That’s the financial disclosure form that non-profit corporations have to file with the IRS every year. Here’s the latest, which is archived on the ProPublica website. Filed in 2025, it covers the period ending in October of 2024. With about $129 million a year in both revenue and expenses, the SPLC reported total assets of, read this number carefully, $786,768,246.

They’re closing in on an $800 million nest egg. On pg. 11 of the Form 990, you’ll find that they have close to $750 million of that money invested in securities. They own corporate stocks and they’re mad about racism, in that order.

There’s a reason the watchdog organization CharityWatch gives the SPLC an F as a charity: They keep doing aggressive fundraising while they have far more money than they need to pay for their actual work.