by Chris Menahan, Information Liberation:
The Southern Poverty Law Center is fabulously wealthy and getting richer and richer by the year according to their latest tax forms.
From the Free Beacon:
The Southern Poverty Law Center (SPLC), a far-left nonprofit known for its “hate group” designations, has surpassed a half billion dollars in total assets and now has $121 million parked offshore, according to the group’s most recent financial statements.
[…]According to the filings submitted to California’s Office of Attorney General, the group reported total assets of $518 million from November 2017 to the Oct. 31, 2018, an increase of $41 million from the $477 million in total assets it reported on its previous year’s tax forms.
The SPLC’s assets increased despite its total revenue falling by $15 million last year. The SPLC hauled in $136 million in total revenue throughout 2017. This number fell to $121 million in 2018. Its contributions and grants also fell by more than $20 million from 2017 to 2018, from $132 million to $111 million.
Despite the fall in revenue, the SPLC’s vast investment portfolio expanded in 2018, which included a drastic increase in the amount of money it has parked overseas. By the end of 2018, its non-U.S. equity funds rose to $121 million, an uptick of nearly $30 million from the $92 million it had parked in offshoreinvestments throughout 2017.
The SPLC pushed the Jussie Smollett story:
They also pushed the Covington Catholic hoax:
“[The] incident involving students from Covington Catholic is harassment, but unfortunately not surprising. The racist rhetoric coming from our politicians normalizes hate across the country & in our classrooms.” —SPLC’s Maureen Costello, @tolerance_org https://t.co/l1cVspi3Zp
— Southern Poverty Law Center (@splcenter) 20 January 2019