In late March 2026,
For example, one Facebook user claimed "groups tied to socialist and communist movements" organized the protests, and that Soros and Singham helped fund that network (archived). The post read:
A network of 500 activist groups with $3 billion in revenue is behind the "No Kings" protests.
They claim they are a loose coalition of activist organizations.
These protests are organized, funded, and coordinated at a national level.
Groups tied to socialist and communist movements are pushing a message of "revolution."
Records show Indivisible is leading the effort.
Socialists like Neville Roy Singham and George Soros fund the network.
These groups build infrastructure. They mobilize activists. And they grow influence inside larger movements.
Several Snopes readers emailed, asking if it was true that "dark money" funded the
The rumor stemmed from a March 28 Fox News article titled, "500 groups with $3B in revenues are behind the #NoKings protests and communist call for 'revolution'." The report was based on a permit for the protest in St. Paul, which organizers dubbed the "flagship" rally for the nationwide protests, and a separate Fox News investigation into Singham's ties to U.S. nonprofits. (Snopes did not see the purported permit for independent verification.)
The Fox News report claimed a "network of radical socialist and communist organizations" funded by Singham, the activist who founded he software company Thoughtworks and has openly discussed his Marxist-communist-Maoist views, coordinated the protests. It also claimed the anti-authoritarianism nonprofit Indivisible was "the lead coordinator" for the protests and that that group received financial support from Soros.
A network of advocacy groups in cities nationwide coordinated the "No Kings" protests. Snopes did not identify any direct financial connection between the protests and the investors. Millions of people participated in the protests, many of whom are not connected to organizers or advocacy groups.
We reached out to Fox News to ask how it confirmed details of its report, such as the claim that Singham-funded organizations helped organize the protests. We also asked how it came to the "500" number in reference to the amount of groups allegedly behind the protests, including "communist and socialist organizations calling for 'revolution.'" We await a response.
'No Kings' protests' ties to Soros nonprofit
As the Fox News article states, the nonprofit Indivisible helped organize the "No Kings" protests.
The group used its Facebook page to encourage people to participate (archived) and advertised advocacy efforts against the Trump administration on its website and social media channels including BlueSky and Instagram. In addition, the No Kings website (archived) listed several local chapters of Indivisible as "partners."
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Specifically, the grant database showed it gave Indivisible $3 million to spend over two years, 2023 and 2024. Sean Savett, a spokesman for Open Society Foundations, said in an email said that money was for general operations, not a specific event like the "No Kings" protests.
It was unclear whether Soros' nonprofit gave money to Indivisible after 2024. Savett said the database showed grants through 2024, as of this writing, and "our 2025 filings will be publicly available later this year."
In sum, there was no evidence of Soros' nonprofit directly funding the "No Kings" protests, a claim we also addressed in October 2025.
Indivisible did not return Snopes' request for information.
Alleged connections between 'No Kings' protests and Singham's money
As for Singham — who The New York Times has described as a force behind "a tangle of nonprofit groups and shell companies" that work closely with the Chinese government — his alleged financial ties to organizations that helped coordinate "No Kings" protests were less clear.
For years, rumors have swirled about the billionaire, who reportedly lives in Shanghai, directly funding organizations in the U.S. to advance the agenda of the Communist Party of China.
Singham has previously denied accusations about him working for, or receiving funding from, the Chinese government. As of this writing, his direct influence and financial impact on socialist or communist advocacy groups within the U.S. remains unknown.
In 2024, the Network Contagion Research Institute — an independent U.S. group dedicated to identifying propaganda, disinformation and misinformation online that could lead to violence — published a report seeking to expose Singham's ties to certain nonprofit organizations.
In the report, the organization said it had scoured a "curated database" that reportedly showed Singham's financial ties to the New York City advocacy organization The People's Forum, among other groups we list below.
In 2021, The People's Forum, a group that describes itself as a "movement incubator" that helps marginalized people, said on X (then Twitter) it had received money from Singham (archived, archived, archived).
Fast forward to March 2026, and The People's Forum called for people to participate in the "No Kings" protests on X and posted a video from the event on Facebook. Traceable evidence of the group's involvement in the protests ends there.
In other words, it was true the advocacy organization The People's Forum, which publicly said in 2021 it received money from Singham, promoted and attended the March 2026 protests.
However, we could find no evidence of that group playing a key role in organizing the protests — the "No Kings" website did not list The People's Forum as a "partner — or Singham's money directly funding the group's involvement.
Other groups with alleged ties to Singham
In addition to The People's Forum, the Network Contagion Research Institute's 2024 report showed Singham had financial ties to:
- Three funding groups dedicated to supporting projects that seek to empower marginalized groups through education on the history and circumstances that led them to be marginalized: The Justice and Education Fund, the United Community Fund and the Progress Unity Fund;
- BreakThrough Media, an independent, left-leaning, nonprofit news organization;
- ANSWER Coalition, an anti-war group, founded after the Sept. 11, 2001, terrorist attacks, that has pivoted to pro-Palestinian activism in the U.S.;
- International People's Assembly (IPA), a group that says it coordinates
efforts across five continents through local, national and regional organizations and includes on its website an organization founded and led by Singham's wife, Jodie Evans, CODEPINK ; - These groups that support the Palestinian movement:
Al Awda-NY, National Students for Justice in Palestine, Palestinian Youth Movement, Palestinian American Community Center. NJ; - The Party for Socialism and Liberation, a political party seeking to end capitalism and replace it with a socialistic system instead.
Snopes could not independently verify Singham's alleged connection to these groups (except for The People's Forum, which, as mentioned above, made its link to him public in 2021). We reached out to the Network Contagion Research Institute to ask about its database and methodology to compile the list. We will update our report should they respond.
Snopes reached out to an email address on the "No Kings" website to ask if any of the groups allegedly tied to Singham helped coordinate the protests (the website did not list the groups as "partners").
We also reached out to several of the organizations ourselves, including The People's Forum, CODEPINK, the ANSWER Coalition and the Party for Socialism and Liberation, to ask about their roles, if any, in the protests.
Fox News article followed separate story about Singham
Days before the protests and the publication of the report that prompted the rumors about Singham and Soros,
Singham and groups allegedly tied to him were under congressional investigation as of this writing.