$14 Trillion & Counting

This is a FREAKING OUTRAGE that should be terminated immediately ‼️ NO more! Not another dime of taxpayer money 🤬 Do you hear us?? @LeaderJohnThune @SpeakerJohnson @realDonaldTrump
STOP funding your friends or anyone else in NGOs through our hard-earned tax dollars. https://t.co/q8jwQSPU32

— Sidney Powell 🇺🇸 Attorney, Author, Gladiator (@SidneyPowell1) December 16, 2025

…The Federal Reserve recently disclosed a figure that should stop any serious observer of American public life in his tracks. As of Q2 2025, US NGOs hold $14.12T in assets. That balance sheet is larger than the combined 2025 GDP of Japan, Germany, and India by roughly 5%. This is not a slogan or a talking point. It is a fact drawn from the Federal Reserve’s own Financial Accounts. One can dispute how the assets are distributed, or how actively they are deployed, but the magnitude itself is no longer debatable. A sector of formally private, tax exempt institutions now commands wealth on a scale normally associated with great powers.

At first glance, this may seem unremarkable or even reassuring. NGOs are, after all, associated in the public imagination with soup kitchens, disaster relief, medical missions, and conservation. Many Americans have given to such causes in good faith. The legal framework that grants nonprofits tax exemption emerged from precisely this moral intuition. The state steps back, refrains from taxing donations and endowments, and civil society steps forward to meet human needs that markets or governments address poorly. For much of the 20th century, this bargain worked tolerably well.

But the moral intuition that justified the nonprofit model does not automatically justify its present form. Institutions change as incentives change. Scale matters. A legal structure designed for modest charities does not remain benign when it governs entities that collectively rival the productive output of multiple advanced economies. At that point, we are no longer talking about charity in the ordinary sense. We are talking about power.

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