Nonprofit financials
Freedom of the Press Foundation revenue: $7.15M in 2025, and the deficit the bottom line hides
No 2025 Form 990 exists, so every public source stops at 2024. FPF's own audited statements go further, and they show an operating deficit 17.5 times the reported bottom line, a treasury moved wholesale into securities, a $15.6M board-designated reserve the Form 990 cannot show, and $2,307,257 of crypto.
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