According to tax records, the dark money network that is run by liberal groups in the US collected over $1.5 billion in donations in 2021.
The groups, which are known as dark money organizations due to their complex fundraising arrangements, are managed by a consultancy firm called Arabella. It is based in Washington, D.C., and it oversees several left-wing organizations. In 2021, the organization spent almost a billion dollars on various projects.
According to an official from a conservative organization, “These latest tax returns prove that the Arabella Advisors network remains the largest dark money player in American politics,”
The various groups that are part of the network of Arabella include the Sixteen Thirty Fund, New Ventures Fund, Windward Fund, and the North Fund. These are all fiscally responsible for sponsoring liberal nonprofit organizations. This allows them to avoid filing IRS forms.
The entities that are part of the network of Arabella do not disclose the donors of their organizations on tax forms. One of the biggest groups that is part of this network is the New Ventures Fund, which focuses on various liberal issues. In 2021, the fund reported that it raised over $950 million and spent $553 million.
According to tax records, the New Ventures Fund gave over $7 million to America Votes, a progressive organization that has been supported by George Soros. Another group that received a large grant from the fund was Community Change, which is run by Lorella Praeli.
According to documents, the Windward Fund, which is a climate and environmental group under the umbrella of Arabella, spent over $72 million in 2021. It brought in around $273 million that year, while the Sixteen Thirty Fund, which opposed the nomination of Judge Brett Kavanaugh to the Supreme Court, took in $190 million.
The North Fund, which is a small group within the network of Arabella, took in around $43 million. It is one of the groups that has been involved in efforts to “pack” the Supreme Court and eliminate the Electoral College.
Tax records show that in 2021, the various funds within the network of Arabella received almost $50 million in management, administrative, and operational services. Between 2006 and 2020, the group’s revenue increased from almost $5 billion to almost $3.7 billion.
The preceding is a summary of an article that originally appeared on Washington Examiner.
