Southern Poverty Law Center Amasses $518M War Chest, $121M Now Offshore

By Chris Menahan

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:

Screen Shot 2019-03-14 at 3.02.18 PM

They also pushed the Covington Catholic hoax:

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“Fighting hate” is big business.

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