US nonprofits hold ~$13.9–14.1T in total assets

https://t.co/X41juy6G3v
FRED Federal Reserve Nonprofit Organizations Total Assets $14.2 Trillion…

— Valerie Anne Smith (@ValerieAnne1970) November 11, 2026

Factcheck:

Fed data confirms US nonprofits hold ~$13.9–14.1T in total assets (Z.1 accounts, end-2025). That figure is real and roughly matches the combined GDP of India, Japan, and Germany.

The rest is overstated. Those assets are mostly university endowments, hospital real estate/equipment, and private foundation investments—built from tuition, patient fees, donations, and investment returns—not primarily “your tax money.” Government grants are only a portion of sector revenue (typically 20–30% on average). National debt is ~$40.5T; no evidence half was diverted into a single NGO “heist” or laundering empire.