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.com/u-s-ngos-hold-14-trillion-in-assets-bigger-than-japan-germany-and-india-combined/