The Intercept Media, INC. Is the publisher of the Intercept, a news organization that educates the public though its investigative journalism with a focus on politics, environment, criminal justice, national security, technology and immigration. During 2023, the Intercept pursued its trademark mix of deep investigations, hard hitting scoops and incisive analysis. The Intercept covered corruption at the supreme court, ron desantis's ruthless political machine, questionable ai weapons detection systems, and the growing phenomenon of surveillance by homeowners associations. IT exposed fbi entrapment schemes, one of which targeted a mentally disabled child. The Intercept ended the year with a blockbuster article on how the united states state department tried to influence pakistan's neutrality toward the war in ukraine.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$2.9M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $1.9M a year · 16% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.9M
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $28K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$130K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$19.0M
Spent
$11.2M
To programs
73%
Net assets
$7.8M
By yearFY2023–FY2024
Revenue
$19.0M
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$19.0M
FY2024$5.6M
Expenses
$11.2M
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$11.2M
FY2024$9.5M
Net assets
$7.8M
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$7.8M
FY2024$3.8M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $8.2M Management & general 13% · $1.4M Fundraising 14% · $1.6M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $2.9M paid to officers and key staff.

Part VII, Section A · reportable compensation
Editor-In-Chief
$396,004Pt VII · Sec A
DC Bureau Chief
$379,723Pt VII · Sec A
Secretary - General Counsel
$322,873Pt VII · Sec A
Senior Correspondent
$279,647Pt VII · Sec A
Chief Operating Officer
$231,392Pt VII · Sec A
Chief Executive Officer
$218,917Pt VII · Sec A
Senior Editor
$217,421Pt VII · Sec A
Director of Information Security
$216,273Pt VII · Sec A

Annie Chabel’s $312K as Chief Executive Officer is at the 97th percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023
Roger Hodge$262,044$396,004
Ryan Grim—$379,723
David Bralow$231,689$322,873
Annie Chabel$311,880$218,917
Jeremy Scahill—$279,647
Miroslav Macala$189,068$231,392
Peter Maass—$217,421
Micah Lee—$216,273

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Investigates and reports on politics, environment, justice, security, technology, and immigration.

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1 program · $8.2M · in their own filed words · FY2023
01

Investigative journalismthe intercept media, inc. Is the publisher of the intercept, a news organization that educates the public though its investigative journalism with a focus on politics, environment, criminal justice, national security, technology and immigration.

$8.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$28K
Grants paid · 1 grant · $280K · 2024–2024
Drop Site News INCDC · FY2024$280,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$19.0M
Ln 12
Gifts and grantsLn 1h$18.7M
Investment incomeLn 3$153K
Fees for servicesLn 2g$59K
Money outPt IX
$11.2M
Ln 25
Programscol B$8.2M
Managementcol C$1.4M
Fundraisingcol D$1.6M
Owns and owesPt X
$7.8M
net assets · Ln 32
Cash and savingsLn 1–2$573K
Total assetsLn 16$7.9M
LiabilitiesLn 26$130K
PeoplePt VI, VII
15
listed · VII A
PaidVII A11
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$18.7M
Noncash giftsLn 1g$22K
Fees for servicesLn 2g$59K
Investment incomeLn 3$153K
Other incomeLn 4–11$2K
Total revenueLn 12$19.0M
Assets in detailPt X, end of year
SavingsLn 2$573K
Cash and savings togetherLn 1–2$573K
Land, buildings, equipmentLn 10c$115K
Other assetsLn 15$789K
Total assetsLn 16$7.9M
LiabilitiesLn 26$130K
Net assetsLn 32$7.8M
OperationsPt I, VI
EmployeesI 552
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$573K
Land, buildings, equipmentLn 10c$0$115K
Total assetsLn 16$0$7.9M
LiabilitiesLn 26$0$130K
Net assetsLn 32$0$7.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$2.0M$1.4M$464K$115K
Other salaries and wagesLn 7$5.2M$4.4M$182K$689K
Pension plan contributionsLn 8$125K$105K$2K$17K
Other employee benefitsLn 9$529K$420K$42K$67K
Payroll taxesLn 10$615K$492K$54K$69K
Legal feesLn 11b$107K$16K$91K
Accounting feesLn 11c$128K$128K
Other fees for servicesLn 11g$1.2M$704K$244K$238K
Advertising and promotionLn 12$10K$6K$49$4K
Office expensesLn 13$299K$54K$54K$191K
Information technologyLn 14$336K$207K$41K$88K
OccupancyLn 16$12K$2K$8K$2K
TravelLn 17$220K$83K$95K$42K
Depreciation, depletion and amortizationLn 22$23K$17K$3K$3K
InsuranceLn 23$156K$119K$17K$20K
Other expenses (24a–d)Ln 24$229K$214K$1K$13K
Total functional expensesLn 25$11.2M$8.2M$1.4M$1.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $5.6M$9.5M−$3.9M$3.8M 990 PDF
FY2023 Viewing $19.0M$11.2M$7.8M$7.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $18,961,623 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$18,747,165
I-9 Program service revenuePrior year $0$59,475
I-10 Investment incomePrior year $0$152,838
I-11 Other revenuePrior year $0$2,145
I-12 Total revenuePrior year $0$18,961,623
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$8,484,807
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$2,704,828
I-18 Total expensesPrior year $0$11,189,635
I-19 Revenue less expensesPrior year $0$7,771,988
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $18,961,623 across 7 lines filed
VIII-1f All other contributions, gifts and grants$18,747,165
VIII-1g Noncash contributions (included above)$21,876
VIII-1h Total contributions, gifts and grants$18,747,165
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $59,475$59,475
VIII-3 Investment incomeExcluded from tax $152,838$152,838
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,145$2,145
VIII-12 Total revenueRelated to mission $61,620 · Unrelated business $0 · Excluded from tax $152,838$18,961,623
Part IX · Statement of functional expenses $11,189,635 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $1,394,563 · Management $463,915 · Fundraising $115,341$1,973,819
IX-7 Other salaries and wagesPrograms $4,370,442 · Management $182,329 · Fundraising $688,756$5,241,527
IX-8 Pension plan contributionsPrograms $105,440 · Management $2,228 · Fundraising $17,259$124,927
IX-9 Other employee benefitsPrograms $420,374 · Management $41,671 · Fundraising $67,104$529,149
IX-10 Payroll taxesPrograms $491,939 · Management $53,969 · Fundraising $69,477$615,385
IX-11b Legal feesPrograms $15,897 · Management $91,202$107,099
IX-11c Accounting feesManagement $127,748$127,748
IX-11g Other fees for servicesPrograms $704,287 · Management $244,051 · Fundraising $237,903$1,186,241
IX-12 Advertising and promotionPrograms $5,635 · Management $49 · Fundraising $3,929$9,613
IX-13 Office expensesPrograms $53,715 · Management $54,481 · Fundraising $191,192$299,388
IX-14 Information technologyPrograms $206,545 · Management $41,491 · Fundraising $87,855$335,891
IX-16 OccupancyPrograms $1,978 · Management $8,152 · Fundraising $1,591$11,721
IX-17 TravelPrograms $82,876 · Management $95,475 · Fundraising $41,565$219,916
IX-22 Depreciation, depletion and amortizationPrograms $17,439 · Management $2,558 · Fundraising $2,920$22,917
IX-23 InsurancePrograms $118,820 · Management $16,952 · Fundraising $19,827$155,599
IX-24 Other expenses (24a–d)Programs $214,416 · Management $1,087 · Fundraising $13,192$228,695
IX-25 Total functional expensesPrograms $8,204,366 · Management $1,427,358 · Fundraising $1,557,911$11,189,635
Part X · Balance sheet $7,901,490 assets, 12 lines filed
X-2 Savings and temporary cash investments$573,233
X-3 Pledges and grants receivable$6,327,426
X-9 Prepaid expenses and deferred charges$97,037
X-10c Land, buildings and equipment, netStart of year $0$114,583
X-15 Other assetsStart of year $0$789,211
X-16 Total assetsStart of year $0$7,901,490
X-17 Accounts payable and accrued expenses$129,502
X-26 Total liabilitiesStart of year $0$129,502
X-27 Net assets without donor restrictions$1,360,160
X-28 Net assets with donor restrictions$6,411,828
X-32 Total net assets or fund balancesStart of year $0$7,771,988
X-33 Total liabilities and net assetsStart of year $0$7,901,490
Part XI · Reconciliation of net assets $7,771,988 net assets at year end
XI-1 Total revenue$18,961,623
XI-2 Total expenses$11,189,635
XI-3 Revenue less expenses$7,771,988
XI-4 Net assets at start of year$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,771,988

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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