"Nonprofit news outlets of all types are enjoying revenue growth - but those that focus specifically on local news, rather than state, national, or global news, are doing especially well, according to the 2025 Institute of Nonprofit News Index, released Wednesday. Local nonprofits made up more than half (51%) of INN's membership in 2024, up from 48% in 2023. The annual report analyzed survey responses from 376 of INN's 407 member organizations."
"From there, it found that 83% of local nonprofit news organizations have increased revenue growth by at least 10% over the last three years, compared to 71% of state and regional publications and 76% of national and global outlets. Local outlets were also the least likely to report revenue loss, with just 6% saying they experienced a revenue decline of 10% or more in the past three years."
Nonprofit news outlets across the field showed steady revenue growth, with local news nonprofits performing especially well. Local nonprofits comprised 51% of INN membership in 2024, up from 48% in 2023. Survey responses came from 376 of INN's 407 member organizations, and 236 organizations provided complete financial data for 2021 and 2024. Eighty-three percent of local nonprofit news organizations increased revenue by at least 10% over three years, while only 6% reported a decline of 10% or more. Median annual revenue among members rose to $532,000 in 2024. Philanthropic funding and grants drove much of the growth, and 57% increased earned revenue. Newsletters grew for about 72% of outlets.
Read at Nieman Lab
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