mark kub @markkub
U.S. NGOs hold $14 trillion in assets, bigger than Japan, Germany, and India combined. 😳

$14 TRILLION NGO EMPIRE: TAX EXEMPT, VOTER PROOF

An essay citing Federal Reserve Financial Accounts says U.S. NGOs held $14.12 trillion in assets as of Q2 2025, which is bigger than the combined 2025 GDP of Japan, Germany, and India by roughly 5%.

If your brain just tried to file “NGO” under soup kitchens and service dogs, congratulations, you have the same mental model the tax code is still using. https://citizenwatchreport...
09:34 AM - Dec 25, 2025
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