Public & Societal Benefit
(W00C)
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THE CENTER FOR INVESTIGATIVE REPORTING
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Mission Statement
The mission of the Foundation for National Progress is to produce revelatory journalism that in its power and reach seeks to inform and inspire a more just and democratic world.
Financial Overview — FY 2023
$16.2M
Total Revenue
$17.8M
Total Expenses
$2.5M
Net Assets
96
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
75.9%
Fundraising Efficiency
0.0%
Operating Reserve
1.71x
Liability-to-Asset
79.2%
Revenue Diversification
87.8%
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $16.2M | $17.8M | $2.5M | 75.9% | 96 |
| 2022 | $39.2M | $17.5M | N/A | — | 133 |
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