THE AMERICAN PROSPECT
Ideas, Politics & Power
THE AMERICAN PROSPECT
EIN: 52-1617061
as of September 2024
as of September 09, 2024
Programs and results
What we aim to solve
The American Prospect is an independent journalism venture publishing stories in print and online from a progressive perspective. The magazine's motto is "Ideas, Politics & Power." Focusing on power within politics and policy, from Washington to the corporate boardroom, the Prospect sheds light on who has power, what they're doing with it, and explores ideas about how to bring power back to people who deserve it. The Prospect's scholarly, narrative articles and analyses are designed to inform and inspire Americans on public policy. The Prospect's Writing Fellowship and paid internship programs mentor and train up-and-coming independent journalists from diverse backgrounds.
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
The American Prospect Writing Fellowship
The American Prospect is committed to training a new and diverse generation of journalistic talent. The TAP Writing Fellowship cultivates young journalists through a structured two-year program of writing and professional development. Prospect writing fellowships are salaried, editorial staff positions that offer two years of intensive mentoring and close editing. Writing fellows are fully integrated members of the Prospect editorial team. The alums are illustrious -- the program is truly the farm team for progressive journalism.
The American Prospect Internship
The American Prospect hosts three classes of interns each year, with full and part time positions available. Editorial interns assist with fact-checking, research, social media, data entry and library services for both the print magazine and the daily website. Interns are encouraged to contribute editorially, writing articles and briefs as assigned, and participating in staff meetings to generate story ideas. They are encouraged to pursue their own projects under the guidance of Prospect staff.
Where we work
Our results
How does this organization measure their results? It's a hard question but an important one.
Number of list subscribers
This metric is no longer tracked.Totals By Year
Population(s) Served
Adults, Ethnic and racial groups, Academics, Activists
Type of Metric
Outcome - describing the effects on people or issues
Direction of Success
Increasing
Number of website sessions
This metric is no longer tracked.Totals By Year
Population(s) Served
Adults, Ethnic and racial groups, Academics, Activists
Type of Metric
Outcome - describing the effects on people or issues
Direction of Success
Increasing
Number of website pageviews
This metric is no longer tracked.Totals By Year
Population(s) Served
Adults, Ethnic and racial groups, Academics, Activists
Type of Metric
Outcome - describing the effects on people or issues
Direction of Success
Increasing
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
“Wherever the people are well informed they can be trusted with their own government” – Thomas Jefferson
At the Prospect, we know a thriving fourth estate is critical to democracy.
We believe in open access to all of our content, and depend on the support of readers to keep to this mission.
What are the organization's key strategies for making this happen?
The American Prospect has the mission of tracking power from Washington to the corporate boardroom, and showing how innovative policy can bring that power closer to the people. At our daily website, our six print magazines per year, our newsletters, our affiliated podcasts, and our live and virtual events, we seek to inform the broad public on the need for a democratically-governed economy with vibrant public institutions and a restrained foreign policy that rejects imperialism.
Over the past few years, the Prospect has expanded the frequency of its print magazines and the number of daily articles on its website. We have added people to our editorial staff. We have revamped our website to make it easier to navigate, especially on mobile devices. We have increased our traffic significantly and widened an impact that doesn’t always just show up in the numbers.
The Prospect team has been able to power through the pandemic in a fully remote environment to produce award-winning work that makes an impact not only on legislative action but in influencing the conversation in politics and society. TAP has moved the needle on topics such as corporate monopoly and monopsony; employee equity and worker power; racial justice and education; student debt relief; transportation and infrastructure policy; and so much more.
Our mission has become more important in these divided times. We believe we are providing something that readers cannot get anywhere else, at the nexus of worker and corporate power, politics and policy.
What are the organization's capabilities for doing this?
As Politico reported in April, “The Prospect has repeatedly broken big stories about the Biden administration at times, becoming a bit of a liberal bulwark… and the Biden administration is reading.”
This broadened reach has enabled us to grow not only our audience but the number of readers willing to support us financially. We now identify 89,051 registered readers in our audience database (as of 06/14/2022), with 3,844 active members who provide recurring donations either monthly or annually. In a last-12-months measurement, the Prospect is showing a 30.5 percent increase in active subscribers over the previous year. Monthly recurring revenue is up 45.3 percent in the same period.
What have they accomplished so far and what's next?
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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How is your organization using feedback from the people you serve?
To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects
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Which of the following feedback practices does your organization routinely carry out?
We collect feedback from the people we serve at least annually
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What challenges does the organization face when collecting feedback?
It is difficult to get the people we serve to respond to requests for feedback
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2023 info
2.36
Months of cash in 2023 info
1.6
Fringe rate in 2023 info
13%
Funding sources info
Assets & liabilities info
Financial data
THE AMERICAN PROSPECT
Balance sheetFiscal Year: Jul 01 - Jun 30
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jul 01 - Jun 30
This snapshot of THE AMERICAN PROSPECT’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
Created in partnership with
Business model indicators
Profitability info | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Unrestricted surplus (deficit) before depreciation | -$266,149 | $41,367 | $349,111 | $321,140 | $22,902 |
As % of expenses | -18.2% | 2.5% | 20.8% | 18.9% | 1.3% |
Unrestricted surplus (deficit) after depreciation | -$266,325 | $40,393 | $349,111 | $321,140 | $22,902 |
As % of expenses | -18.2% | 2.5% | 20.8% | 18.9% | 1.3% |
Revenue composition info | |||||
---|---|---|---|---|---|
Total revenue (unrestricted & restricted) | $1,266,789 | $1,280,434 | $1,818,086 | $2,115,851 | $1,548,270 |
Total revenue, % change over prior year | -48.6% | 1.1% | 42.0% | 16.4% | -26.8% |
Program services revenue | 7.3% | 8.1% | 18.1% | 14.8% | 22.4% |
Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Investment income | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Government grants | 0.0% | 0.0% | 18.0% | 9.6% | 0.0% |
All other grants and contributions | 90.7% | 90.7% | 63.4% | 75.2% | 76.1% |
Other revenue | 2.1% | 1.2% | 0.5% | 0.3% | 1.5% |
Expense composition info | |||||
---|---|---|---|---|---|
Total expenses before depreciation | $1,465,824 | $1,638,755 | $1,681,381 | $1,703,051 | $1,809,282 |
Total expenses, % change over prior year | -18.9% | 11.8% | 2.6% | 1.3% | 6.2% |
Personnel | 57.4% | 66.4% | 66.6% | 66.3% | 68.5% |
Professional fees | 3.9% | 2.7% | 2.8% | 3.7% | 1.7% |
Occupancy | 7.5% | 6.3% | 6.0% | 4.8% | 4.0% |
Interest | 0.3% | 0.2% | 0.0% | 0.0% | 0.0% |
Pass-through | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
All other expenses | 31.0% | 24.3% | 24.6% | 25.3% | 25.8% |
Full cost components (estimated) info | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Total expenses (after depreciation) | $1,466,000 | $1,639,729 | $1,681,381 | $1,703,051 | $1,809,282 |
One month of savings | $122,152 | $136,563 | $140,115 | $141,921 | $150,774 |
Debt principal payment | $0 | $28,687 | $0 | $10,393 | $0 |
Fixed asset additions | $1,150 | $0 | $0 | $0 | $0 |
Total full costs (estimated) | $1,589,302 | $1,804,979 | $1,821,496 | $1,855,365 | $1,960,056 |
Capital structure indicators
Liquidity info | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Months of cash | 0.5 | 0.4 | 1.9 | 1.8 | 1.6 |
Months of cash and investments | 0.5 | 0.4 | 2.1 | 2.1 | 1.6 |
Months of estimated liquid unrestricted net assets | -4.7 | -3.9 | -1.3 | 1.0 | 1.1 |
Balance sheet composition info | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Cash | $55,605 | $54,792 | $272,811 | $258,146 | $245,456 |
Investments | $0 | $0 | $15,737 | $45,146 | $0 |
Receivables | $606,532 | $280,461 | $198,232 | $301,237 | $34,917 |
Gross land, buildings, equipment (LBE) | $94,989 | $19,670 | $19,670 | $19,670 | $19,670 |
Accumulated depreciation (as a % of LBE) | 99.0% | 100.0% | 100.0% | 100.0% | 100.0% |
Liabilities (as a % of assets) | 59.9% | 123.4% | 88.8% | 25.2% | 34.6% |
Unrestricted net assets | -$571,080 | -$530,687 | -$181,576 | $139,564 | $162,466 |
Temporarily restricted net assets | $847,291 | N/A | N/A | N/A | N/A |
Permanently restricted net assets | $0 | N/A | N/A | N/A | N/A |
Total restricted net assets | $847,291 | $447,603 | $238,714 | $334,109 | $42,943 |
Total net assets | $276,211 | -$83,084 | $57,138 | $473,673 | $205,409 |
Key data checks
Key data checks info | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Publisher
Ellen Meany
Executive Editor
David Dayen
Number of employees
Source: IRS Form 990
THE AMERICAN PROSPECT
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
THE AMERICAN PROSPECT
Highest paid employeesSOURCE: IRS Form 990
Compensation data
THE AMERICAN PROSPECT
Board of directorsas of 06/02/2024
Board of directors data
Ms. Amy Hanauer
Paul Starr
Princeton University
Miles Rapoport
Ash Center for Democratic Governance and Innovation, Harvard Kennedy School
Adele Simmons
Global Philanthropy Partnership
Jacob Hacker
Stanley Resor Professor of Political Science at Yale University
Janet Shenk
Arca Foundation Board of Directors
Robert Kuttner
Heller School for Social Policy and Management, Brandeis University
Chuck Collins
Institute for Policy Studies
David Dayen
Executive Editor, The American Prospect
Stanley Greenberg
Greenberg Quinlan Rosner Research
Derrick Jackson
Fellow, Union of Concerned Scientists
Randall Kennedy
Professor, Harvard Law School
Rebecca Dixon
National Employment Law Project
Shanti Fry
Finance Co-chair, Senator Elizabeth Warren
Jon Hart
Former General Counsel, National Public Radio
Javier Morillo
Former President, SEIU Local 26
Michael Stern
Independent Film Producer
Amy Hanauer
Executive Director, Institute on Taxation and Economic Policy
Ganesh Sitaraman
Professor, Vanderbilt Law School
Valerie Wilson
Director, Program on Race, Ethnicity, and the Economy, Economic Policy Institute
Mitchell Grummon
Publisher, The American Prospect
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
The organization's co-leader identifies as:
Race & ethnicity
Gender identity
Transgender Identity
Sexual orientation
No data
Disability
No data
Equity strategies
Last updated: 06/24/2022GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more
- We review compensation data across the organization (and by staff levels) to identify disparities by race.
- We ask team members to identify racial disparities in their programs and / or portfolios.
- We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
- We use a vetting process to identify vendors and partners that share our commitment to race equity.
- We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
- We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
- We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
- We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.