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New York · Nonprofit

ECONOMIC HARDSHIP REPORTING PROJECT

ECONOMIC HARDSHIP REPORTING PROJECT (New York) receives grants from 13 organizations whose IRS filings report $4,091,230 to it, the largest being INSTITUTE FOR POLICY STUDIES ($1,550,002). 10 of them have funded it in more than one year.

Revenue FY2025
$1.1M
Funders on record
13
Grants received
$4.1M
Net assets
$916k
10/13 repeat fundersgrants exceed reported revenue in one year
01What it does

What Economic Hardship Reporting Project does

Mission

Ehrp supports independent journalists to create high quality stories about economic inequality. We then place those stories in mainstream media, mobilizing readers to fight systems perpetuating economic injustice.

As stated on its FY2025 Form 990.

Program

  1. Journalism Grants, Editorial Support & Co Publishing (Primary Program) In 2025, the Economic Hardship Reporting Project (EHRP) advanced its mission to support journalists with lived experience of economic hardship by providing $72,032 in direct grants to 42 independent reporters, along with editorial guidance, mentorship, and publication support. EHRP also partnered with Magnum Photography to support an additional 510 visual journalists, expanding the organizations reach into documentary photography and visual storytelling. Together, these contributors produced more than 50 published pieces across a wide range of genresincluding investigations, features, first person essays, photo essays, illustrations, poetry, and multimedia reporting.EHRPs work appeared in major national and international outlets such as The New York Times, TIME, Teen Vogue, The Guardian, Mother Jones, The Nation, Rolling Stone, NPR, The Intercept, Esquire, and dozens more. These stories centered the experiences of working class Americans and illuminated the structural forces shaping inequality, housing instability, labor conditions, climate impacts, disability rights, and the rising cost of living.…

    $472,487 spentof which $102,233 as grants$52,000 earned by the program
    100% of program spending

The program described on its FY2025 Form 990. Program spending in total: $472,487.

02The organization over time

The organization over time

Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20212021 Revenue 100 ($965k) Expenses 100 ($295) Net assets 100 ($965k)2022 Revenue 99 ($960k) Expenses 455454 ($1.3M) Net assets 98 ($941k)2023 Revenue 127 ($1.2M) Expenses 452337 ($1.3M) Net assets 86 ($831k)2024 Revenue 100 ($963k) Expenses 350204 ($1.0M) Net assets 79 ($761k)2025 Revenue 113 ($1.1M) Expenses 318486 ($940k) Net assets 95 ($916k)
20212022202320242025
Revenue (113)Expenses (318486)Net assets (95)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $965k to $1.1M (+16%).

$965k
$1.1M
$1.0M
$906k
$1.0M
20212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

95% of ECONOMIC HARDSHIP REPORTING PROJECT’s revenue is contributions — more reliant on donations than three-quarters of its peers (63% for the typical peer).

This organization
Typical peer · 5,377 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 5 reported years ran a deficit.

$965k
’21
−$383k
’22
−$110k
’23
−$70k
’24
$156k
’25
13
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Nikhil Swaminathan

Chairman

As listed on its FY2025 Form 990.

20212022202320242025
Listed1111101012
Joined·+1+2+3+3
No longer listed·1331
03Who funds it

Who funds it, year by year

2021 → 2023: the base broadened from 5 funders to 7 funders, grant income fell $977k → $856k.

5 of 13 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 26% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of ECONOMIC HARDSHIP REPORTING PROJECT’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

ECONOMIC HARDSHIP REPORTING PROJECT leans on a few funders — its largest provides 38% of grant income and the top three 61%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

64% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund ECONOMIC HARDSHIP REPORTING PROJECT.

38%
largest funder
61%
top three
~5
effective funders

Largest funder’s share by year: 2021 82% · 2022 44% · 2023 35% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

ECONOMIC HARDSHIP REPORTING PROJECT draws 85% of its grant income from funders outside New York, across 6 states in all.

NY
PA
NJ
CT
CA
DC

In-state vs out-of-state, by year

’21
’22
’23
New York out of state home

Funder states come from each funder’s own filing. $1.1M arriving through sponsors registered in 5 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

ECONOMIC HARDSHIP REPORTING PROJECT holds deeper cash reserves than three-quarters of the 3,230 arts & culture nonprofits its size.

Operating margin14% · above the median
Months of reserve12.6mo · top quartile
Revenue growth (annualized)3% · below the median

this organization peer median middle 50% of peers· 3,230 arts & culture nonprofits $1M–$10M, FY2025

Organizations like ECONOMIC HARDSHIP REPORTING PROJECT

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In New York

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

50% of spending goes to programs.

Program 50%Management 23%Fundraising 26%

Governance

8
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

77%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

DE

Screen this organization

A dated, signed PDF of the compliance screen for ECONOMIC HARDSHIP REPORTING PROJECT: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds ECONOMIC HARDSHIP REPORTING PROJECT?
ECONOMIC HARDSHIP REPORTING PROJECT (New York) receives grants from 13 organizations whose IRS filings report $4,091,230 to it, the largest being INSTITUTE FOR POLICY STUDIES ($1,550,002). 10 of them have funded it in more than one year.
How many funders does ECONOMIC HARDSHIP REPORTING PROJECT have?
IRS filings report 13 organizations giving $4,091,230 in grants to ECONOMIC HARDSHIP REPORTING PROJECT, 10 of which have funded it in more than one year.
Who is the largest funder of ECONOMIC HARDSHIP REPORTING PROJECT?
INSTITUTE FOR POLICY STUDIES is the largest funder on record, with $1,550,002 in grants. The full list of funders is on this page.
How can an organization like ECONOMIC HARDSHIP REPORTING PROJECT find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2021–2025), and the filings of 13 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing