The non-profit outlet that launched in 2008 with $10 million in donations and a staff of 20 now boasts 120 people and revenue that exceeded $30 million last year, according to the report. It also claims more than $25 million in reserves.
See the financials below and the entire report HERE.
I remember when the non-profit news organization, which has already garnered a handful of Pulitzer Prizes, launched back in 2008. A decade-plus later, the unusual idea of an investigative news outlet that provides its news at no charge, with no advertising, and pure donations to exist seems to have been proven a success.
The annual report, titled "Ten Year's On,"states: "Our journalism spurred a host of real-world changes, including the reversal of President Donald Trump's migrant family separation plan; the first federal legislation in decades addressing maternal deaths; the end of a Facebook practice that facilitated discrimination; and the resignation of leaders from a troubled children's charity operating in Liberia."
Dozens of other non-profit news outlets have also come into the fold in recent years with great investigations from California to New Orleans. Let's hope this will spark even more profitless efforts at a time when the news industry needs strong, in-depth reporting that focuses on the news and not the need for higher profits.
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