No Halo News · Sourced development
Independent reporting found strong revenue growth among American Journalism Project grantees
Inside Philanthropy reported that 28 nonprofit news organizations completing the American Journalism Project’s three-year grant process increased median annual revenue from approximately $1.1 million before the grants to $2.4 million by the end of 2025. The model combines multiyear grants with operational and revenue-development support intended to help local news organizations become sustainable.
Status matters. This page records a sourced development, not a completed No Halo investigation. An allegation is not a finding. Dismissals, settlements, judgments, corrections and final outcomes remain distinct.
Donor relevance
Why this matters
The reported portfolio-level revenue gains provide donor-relevant evidence that the charity’s combination of funding and organizational support may strengthen the financial sustainability of nonprofit local newsrooms.
Attribution
Who reported or established this
Inside Philanthropy reported the revenue figures while examining the American Journalism Project’s grant and support model.
Evidence limits
What remains unverified
No Halo has not audited the underlying portfolio data, established how consistently individual grantees performed, or isolated how much of the growth was caused by American Journalism Project support rather than other factors.
Right of reply
Organization response
American Journalism Project leadership described its model as venture-style philanthropy that supplies substantial multiyear capital and operational assistance rather than treating newsroom sustainability as a short-term emergency.
Classification
How No Halo records this event
Event type: Independent Impact Evidence. Current state: Reported. No Halo preserves the current procedural state rather than treating every mention as a finding.
Published September 15, 2026 · Last verified September 17, 2026. See an error or a later outcome? Submit a correction or right of reply.