INTERCEPT MEDIA INC
Mission Statement
At The Intercept, we investigate powerful individuals and institutions to expose corruption and injustice. We see journalism as an instrument of civic action. We’re here to change the world, not just describe it. The Intercept aspires to drive meaningful change by empowering the public with information to demand a better world from institutions and leaders. We believe rigorous and courageous journalism plays a vital role in protecting human rights, safeguarding freedoms, checking the influence of money and power, and moving society toward a just future. Since our founding in 2014, our groundbreaking reporting has achieved immense impact, including spurring exonerations, reforming laws, enacting new legislation, and exposing sweeping national security programs that undermine civil liberties.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
69.8% | 77.9% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
15.1% | 14.4% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
15.1% | 5.4% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
4.9 mo | 16.5 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
2.9% | 10.6% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
95.7% | 74.5% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
-70.5% | 7.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-14.9% | 8.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-70.1% | -0.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $5.6M | $9.5M | $3.8M | 69.8% | 56 |
| 2023 | $19.0M | $11.2M | $7.8M | 73.3% | 52 |
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