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You can see details of ProPublica’s funding here:

https://www.propublica.org/reports

$43 million budget in 2023.

Looks to me like typical American non-profit funding. Several significant donors rather than an “angel”.

Didn't mean to imply one person funds the whole thing out of their pocket, but it's likely that the chairman, Paul Sagan, is both giving a ton and recruiting a lot of other wealthy people. Maybe a quarter or less of revenue comes from donations <$10K. That's not uncommon, but I don't think it's how most non-profits are funded. Either way, my point is that they could not sustain themselves as a for-profit business by just selling ads or subscriptions. And they are very much dependent on staying in the good graces of a small handful of people.

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