One Year Later: Media Continue to Promote Terrorist-Inspiring SPLC

The SPLC, which boasts such donors as George Soros, the Tides Foundation and Hugh Hefner, is sitting on a surprising stockpile of cash for a nonprofit. For the 2011 fiscal year, the SPLC raked in more than $40.4 million and spent $38.2, but its net assets sit at $256.5 million. That’s enough to keep its operation running for about six-and-a-half years at present expenditures, even without any incoming cash flow or interest. CharityWatch [16], an organization that monitors and rates nonprofits, gave the SPLC its lowest rating, an “F,” for stockpiling its assets. This led The Weekly Standard [17] to refer to the SPLC as “probably the richest poverty organization in the history of the world.