PRO PUBLICA INC

EIN: 142007220 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$57,970,562
Total Expenses
$44,080,009
Total Assets
$85,514,123
Net Assets
$75,433,366
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
DE
Principal Officer
ROBIN SPARKMAN
Phone
2125145250
Tax Period
2023-01-01 to 2023-12-31

PRO PUBLICA INC, founded in 2007, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $58.0M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13.9M, a strong 24% operating margin.

Mission

PRO PUBLICA IS AN INDEPENDENT, NON-PROFIT, PULITZER PRIZE-WINNING NEWSROOM THAT PRODUCES INVESTIGATIVE JOURNALISM IN THE PUBLIC INTEREST. OUR WORK FOCUSES EXCLUSIVELY ON TRULY IMPORTANT STORIES. WE PRODUCE JOURNALISM THAT SHINES A LIGHT ON EXPLOITATION OF THE WEAK BY THE STRONG AND ON THE FAILURES OF THOSE WITH POWER TO VINDICATE THE TRUST PLACED IN THEM. IN THE BEST TRADITIONS OF AMERICAN JOURNALISM IN THE PUBLIC SERVICE, WE AIM TO STIMULATE POSITIVE CHANGE, UNCOVERING UNSAVORY PRACTICES AND ABUSES OF POWER IN ORDER TO PROD REFORM. WE DO THIS IN AN ENTIRELY NON-PARTISAN AND NON-IDEOLOGICAL MANNER, ADHERING TO THE STRICTEST STANDARDS OF JOURNALISTIC IMPARTIALITY.OUR STATED MISSION IS "TO EXPOSE ABUSES OF POWER AND BETRAYALS OF THE PUBLIC TRUST BY GOVERNMENT, BUSINESS, AND OTHER INSTITUTIONS, USING THE MORAL FORCE OF INVESTIGATIVE JOURNALISM TO SPUR REFORM THROUGH THE SUSTAINED SPOTLIGHTING OF WRONGDOING."

Program Service Accomplishments

Program 1
Expenses: $36,445,115 Revenue: $354,938

PROPUBLICA'S 2023 REPORTING SHONE AN UNPRECEDENTED SPOTLIGHT ON INFLUENCE AND ETHICS AT THE SUPREME COURT. A SERIES OF INVESTIGATIVE STORIES REVEALED THE FINANCIAL TIES BETWEEN JUSTICE CLARENCE...

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PROPUBLICA'S 2023 REPORTING SHONE AN UNPRECEDENTED SPOTLIGHT ON INFLUENCE AND ETHICS AT THE SUPREME COURT. A SERIES OF INVESTIGATIVE STORIES REVEALED THE FINANCIAL TIES BETWEEN JUSTICE CLARENCE THOMAS AND BILLIONAIRE REPUBLICAN MEGA-DONOR HARLAN CROW; DOCUMENTED JUSTICE SAMUEL ALITO'S LUXURY TRAVEL WITH BILLIONAIRE AND REPUBLICAN DONOR PAUL SINGER; AND CHRONICLED CONSERVATIVE KINGMAKER LEONARD LEO'S WEB OF MONEY, INFLUENCE AND POWER. WE ALSO PUBLISHED A FIRST-OF-ITS-KIND DATABASE THAT MADE IT EASY FOR THE PUBLIC TO SEARCH AND READ FOR THEMSELVES THE JUSTICES' ANNUAL FINANCIAL DISCLOSURES.[SEE CONTINUATION ON SCHEDULE O]OUR JOURNALISM PROMPTED HISTORIC REFORMS. THE COURT ADOPTED A CODE OF CONDUCT, A FIRST IN ITS 235-YEAR HISTORY. DOZENS OF MEMBERS OF CONGRESS HAVE PRESSED FOR ETHICS REFORM, INTRODUCING MULTIPLE BILLS. THE SENATE HELD HEARINGS ON THE SUBJECT, OPENED AN INVESTIGATION AND AUTHORIZED SUBPOENAS. JUSTICE THOMAS AMENDED HIS PAST FINANCIAL DISCLOSURES TO REPORT SOME - BUT NOT ALL - OF WHAT THE REPORTERS UNCOVERED.OUR INVESTIGATIVE JOURNALISM CONTINUES TO PRODUCE OTHER SIGNIFICANT REAL-WORLD CHANGE. FOLLOWING OUR 2023 REPORTING WITH LOCAL REPORTING NETWORK PARTNER IDAHO STATESMAN, IDAHO GOV. BRAD LITTLE PROPOSED A $2 BILLION INVESTMENT IN THE STATE'S PUBLIC SCHOOLS INFRASTRUCTURE - THE LARGEST INVESTMENT IN SCHOOL FACILITIES IN STATE HISTORY. IN HIS ANNOUNCEMENT, LITTLE SHOWED THE PHOTOS OF FALLEN CEILING TILES, CRACKED PAINT AND DAMAGED DRAINS WE PUBLISHED AS A PART OF THE INVESTIGATION. PHILIPS RESPIRONICS ANNOUNCED THAT IT WOULD STOP MANUFACTURING AND SELLING ALL SLEEP APNEA MACHINES AND VENTILATORS IN THE UNITED STATES, FOLLOWING OUR INVESTIGATION WITH PARTNER PITTSBURGH POST-GAZETTE THAT EXPOSED HOW THE COMPANY HELD BACK THOUSANDS OF COMPLAINTS ABOUT ITS POPULAR BREATHING MACHINES FOR MORE THAN A DECADE, DESPITE EVIDENCE THAT THE DEVICES COULD RELEASE POTENTIALLY TOXIC PARTICLES AND FUMES INTO THE MASKS WORN BY PATIENTS.THERE ARE SEVERAL OTHER MILESTONES FROM OUR 15TH YEAR OF REPORTING: WE OPENED A NEW REPORTING HUB IN THE NORTHWEST; WE LAUNCHED AN EDITOR TRAINING PROGRAM TO INCREASE THE RANKS OF INVESTIGATIVE EDITORS FROM DIVERSE BACKGROUNDS; AND WE PUBLISHED OUR FIRST INTERVIEW WITH A SITTING PRESIDENT.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $55,857,720
Program Service Revenue $348,503
Investment Income $1,280,196
Other Revenue $484,143
TOTAL REVENUE $57,970,562

Expense Breakdown

Grants Paid $1,506,149
Salaries & Benefits $33,429,178
Fundraising Expenses $3,228,018
Program Expenses $36,445,115
Other Expenses $8,748,482
TOTAL EXPENSES $44,080,009

Year-over-Year Comparison

2023 2022 Change
Revenue $57,970,562 $44,530,761 +0.3%
Expenses $44,080,009 $40,322,509 +0.1%
Net Income $13,890,553 $4,208,252 +2.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
209
Volunteers
15

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$1,655,031
Total Directors
15
$0
Key Employees
2
$577,133
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL SAGAN CHAIRMAN 2.00
Officer Director
$0 $0 $0
CLAIRE BERNARD DIRECTOR 1.00
Director
$0 $0 $0
TOMIKO BROWN-NAGIN DIRECTOR 1.00
Director
$0 $0 $0
MARK COLODNY DIRECTOR 1.00
Director
$0 $0 $0
STEVE DAETZ DIRECTOR 1.00
Director
$0 $0 $0
ANGELA FILO DIRECTOR 1.00
Director
$0 $0 $0
HENRY LOUIS GATES JR DIRECTOR 1.00
Director
$0 $0 $0
CLAIRE HOFFMAN DIRECTOR 1.00
Director
$0 $0 $0
ANU KHOSLA DIRECTOR 1.00
Director
$0 $0 $0
CARRIE LOZANO DIRECTOR 1.00
Director
$0 $0 $0
KATIE MCGRATH DIRECTOR 1.00
Director
$0 $0 $0
ROBERT CS MONKS DIRECTOR 1.00
Director
$0 $0 $0
RONALD OLSON DIRECTOR THRU OCT 2023 1.00
Director
$0 $0 $0
JAMES M STONE DIRECTOR 1.00
Director
$0 $0 $0
CHARLES F WHITAKER DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN ENGELBERG CO-CEO & EDITOR-IN-CHIEF 40.00
Officer
$443,542 $59,229 $502,771
ROBIN SPARKMAN PRESIDENT CO-CEO & TREASURER 40.00
Officer
$425,086 $59,166 $484,252
RAGAN RHYNE SVP, DEVELOPMENT & SECRETARY 40.00
Officer
$325,314 $21,810 $347,124
STEPHANIE LITTLE CHIEF FINANCIAL & ADMINISTRATIVE OFFICER 40.00
Officer
$264,277 $56,607 $320,884
JEREMY KUTNER GENERAL COUNSEL 40.00
Key Emp
$262,602 $28,320 $290,922
TYSON EVANS CHIEF PRODUCT AND BRAND OFFICER 40.00
Key Emp
$228,130 $58,081 $286,211
CHARLES ORNSTEIN MANAGING EDITOR, LOCAL 40.00
Highest
$294,717 $55,902 $350,619
TRACY WEBER MANAGING EDITOR 40.00
Highest
$292,120 $39,270 $331,390
JESSE EISINGER SENIOR EDITOR & REPORTER 40.00
Highest
$260,842 $51,180 $312,022
GINGER THOMPSON CHIEF OF CORRESPONDENTS 40.00
Highest
$237,768 $24,475 $262,243
THOMAS CHRISTIAN MILLER REPORTER 40.00
Highest
$227,431 $52,350 $279,781
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $57,970,562 $44,080,009 $85,514,123 $13,890,553
2022 $44,530,761 $40,322,509 $63,355,096 $4,208,252
2021 $36,005,300 $34,153,121 $60,782,681 $1,852,179
2020 $37,513,092 $30,208,192 $58,666,359 $7,304,900
2019 $39,246,884 $28,630,586 $51,252,809 $10,616,298
2018 $26,685,933 $24,104,461 $40,988,939 $2,581,472
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