Charles B. Writes: "Your blog posting today inspired me to go to GuideStar.org and find the latest (2011-06-30) [IRS] Form 990 tax return for the Southern Poverty Law Center. Interesting reading . . . The entity has almost a quarter billion dollars invested in something not detailed. No list of stocks or bonds or other investments. It has about ten million cash in hand. It spent about one and one-half million for professional fundraisers, who kept about two-thirds of what they raised. They are filing a Form 990-T which is not available on GuideStar, and it appears a bit over half the entity's gross revenue flows through the taxable activity side, yet that side lost $100,000. One has to wonder . . . "
Yes, Charles, one has to wonder why a supposed anti-poverty organization is sitting on a quarter billion dollar hedge fund and not spending it on legal assistance for the poor. Despite its name, the Southern Poverty Law Center does not even practice poverty law. Its modus operandi is essentially to call anyone who opposes their far-left, communistic ideology and policy agenda a "hate group."