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Nevada · Nonprofit

NEVADA NEWS BUREAU INC

NEVADA NEWS BUREAU INC (Nevada) receives grants from 30 organizations whose IRS filings report $6,582,277 to it, the largest being MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC ($1,535,001). 14 of them have funded it in more than one year, and 73% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$2.5M
Funders on record
30
Grants received
$6.6M
Net assets
$775k
14/30 repeat funderspeak grant-dependency 39%
01What it does

What Nevada News Bureau Inc does

Mission

We will change the face of journalism in nevada and establish new paradigms for nonprofit, community-supported news organizations.

As stated on its FY2025 Form 990.

Program

  1. The nevada independent is a news website founded by veteran political journalist jon ralston and focused on truthful, transparent journalism and civic engagement and education. The site launched on jan. 17, 2017 and is a project of nevada news bureau, inc., a nonprofit founded in 2010 by blogger and journalist elizabeth thompson, who served as managing editor until 2024. She is succeeded by co-editors michelle rindels and riley snyder.

    $1,697,941 spent
    100% of program spending

The program described on its FY2025 Form 990. Program spending in total: $1,697,941.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 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 = 20172017 Revenue 100 ($1.5M) Expenses 100 ($1.5M) Net assets 100 ($352k)2018 Revenue 102 ($1.5M) Expenses 114 ($1.7M) Net assets 56 ($196k)2019 Revenue 126 ($1.9M) Expenses 128 ($1.9M) Net assets 54 ($189k)2020 Revenue 168 ($2.5M) Expenses 110 ($1.6M) Net assets 304 ($1.1M)2021 Revenue 128 ($1.9M) Expenses 153 ($2.2M) Net assets 207 ($727k)2022 Revenue 206 ($3.1M) Expenses 210 ($3.1M) Net assets 203 ($713k)2023 Revenue 217 ($3.2M) Expenses 249 ($3.6M) Net assets 84 ($295k)2024 Revenue 259 ($3.8M) Expenses 192 ($2.8M) Net assets 379 ($1.3M)2025 Revenue 172 ($2.5M) Expenses 213 ($3.1M) Net assets 220 ($775k)
'17'18'19'20'21'22'23'24'25
Revenue (172)Expenses (213)Net assets (220)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 2023 to 2024, from $408k to $1.4M (+254%).

$352k
$217k
$235k
$1.1M
$811k
$816k
$408k
$1.4M
$817k
'17'18'19'20'21'22'23'24'25
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.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2020 9%. Grants only. Government contracts and fees sit inside program revenue.

86% of NEVADA NEWS BUREAU INC’s revenue is contributions — more donation-reliant than the typical peer (48% for the typical peer).

This organization
Typical peer · 12,360 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 6 of the last 9 reported years ran a deficit.

$21k
’17
−$156k
’18
−$7k
’19
$882k
’20
−$344k
’21
−$14k
’22
−$418k
’23
$1.0M
’24
−$558k
’25
0.6
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.

Chief executive

Jon Ralston

CEO & direct

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed555667111114
Joined·+0+0+1+0+1+4+1+6
No longer listed·00000013
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 4 funders to 11 funders, grant income rose $298k → $1.3M.

11 of 30 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 73% 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 NEVADA NEWS BUREAU INC’s funders (the co-funder graph). Top 29 of 30 funders by total. 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

NEVADA NEWS BUREAU INC has a broad base — no single funder exceeds 23% of grant income, and it takes 3 funders to reach half.

the vertical line marks half of all grant income — 3 funders to its left

94% 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 NEVADA NEWS BUREAU INC.

23%
largest funder
54%
top three
~7
effective funders

Largest funder’s share by year: 2017 35% · 2018 65% · 2019 66% · 2020 61% · 2021 62% · 2022 62% · 2023 41% — growing more concentrated.

“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.

How long its funders stay

43% of NEVADA NEWS BUREAU INC's funders are still giving 3 years after their first grant; 47% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

73% of NEVADA NEWS BUREAU INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $1.8M that is directly attributable, 87% of it comes from funders outside Nevada, across 7 states.

NY
MA
NV
CA
VA
DE
DC

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

’19
’20
’21
’22
’23
Nevada out of state home

Funder states come from each funder’s own filing. $4.8M arriving through sponsors registered in 9 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

NEVADA NEWS BUREAU INC's revenue grew 72% between 2017 and 2025.

Operating margin−22% · bottom quartile
Months of reserve0.6mo · bottom quartile
Revenue growth (annualized)7% · below the median

this organization peer median middle 50% of peers· 9,615 education nonprofits $1M–$10M, FY2025

Organizations like NEVADA NEWS BUREAU INC

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 Nevada

Nationally

05Profile & governance

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

Where the money goes

55% of spending goes to programs.

Program 55%Management 25%Fundraising 21%

Governance

10
board members
80%
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.

Screen this organization

A dated, signed PDF of the compliance screen for NEVADA NEWS BUREAU INC: 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 NEVADA NEWS BUREAU INC?
NEVADA NEWS BUREAU INC (Nevada) receives grants from 30 organizations whose IRS filings report $6,582,277 to it, the largest being MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC ($1,535,001). 14 of them have funded it in more than one year, and 73% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does NEVADA NEWS BUREAU INC have?
IRS filings report 30 organizations giving $6,582,277 in grants to NEVADA NEWS BUREAU INC, 14 of which have funded it in more than one year.
Who is the largest funder of NEVADA NEWS BUREAU INC?
MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC is the largest funder on record, with $1,535,001 in grants. The full list of funders is on this page.
How can an organization like NEVADA NEWS BUREAU INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Nevada. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Nevada News Bureau →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 30 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 22, 2026. What this page cannot tell you · view filing