We are proud to be Hong Kong’s most transparent news outlet and, as a non-profit company, HKFP is externally audited every year. Be assured that, when you donate to HKFP, every cent is put to careful use and goes directly towards frontline journalism and original reporting. Download a copy of our latest Annual Report.

Income for our latest audited year – 1/1/2018 to 31/12/2018 – was as follows:

All donationsHK$2,463,408HK$1,769,760HK$1,063,125
Ads & content salesHK$136,084HK$328,759HK$92,276
Bank interestHK$21HK$1HK$12
hkfp transparency report

Our 2018-2020 revenue streams:

All donations: includes one-off & monthly Patron contributions by cheque/transfer, cash PayPal & card, as well as merch sales profit & shopping referral links. HKFP also retains 1.97 Bitcoin, as of 2020.

Ads & content sales: includes income from Google/YouTube display ads; Apple News & Facebook ads, directly purchased rate card ads & content sales [from media outlets, institutions and Dow Jones Factiva/Nordot re-syndication].

hkfp transparency report

HKFP Patrons: HKFP has shifted towards a membership model. Small amounts of income from a large pool of Patrons helps support our team, sustain our operations with more security, and guarantees our independence. Our monthly income as of January 2020:

hkfp transparency report
  • The number of HKFP Patrons rose by 539% in 2019, and our monthly income from Patrons rose by 358%.
  • Patrons are overwhelmingly from Hong Kong, though we also have backers in the US, UK, Australia and China.
  • In addition to the above, we receive at least HK$10,000 [US$1,276] per month from donors who contribute via cheque, transfer or by coin donation via CoinDragon.
  • Patrons are given priority and/or free entry to HKFP events, merchandise and a hard copy of our Annual Report. We aim to surpass 1,000 patrons in 2020.
hkfp team

Expenditure for our latest audited year – 1/1/2018 to 31/12/2018 – was as follows:

  • HKFP is run as efficiently and prudently as possible, in order to maximise the impact of our donors’ generosity. We make savings by partnering with other media outlets, using free software wherever possible and making full use of teamwork and automation to save on labour costs.
  • During 2018, we employed 4-5 full-time staff members and several freelancers.
Full-time staff payrollHK$1,499,071HK$1,340,230HK$1,035,523
Mandatory Provident Fund (pensions)HK$69,234HK$66,180HK$50,942
Website, newswire text/photo, softwareHK$129,543HK$58,693HK$33,083
Office, sundry, recruitment/training, telecomHK$110,414HK$57,565HK$25,801
Meals/drinks for volunteers & staffHK$14,028HK$17,106HK$25,531
Legal, professional, registration, audit feesHK$7,385HK$45,231HK$10,845
Travel & insuranceHK$78,067HK$8,169HK$8,267
Stationery/merch, postage, printingHK$11,827HK$686HK$17,124
Bank charges & exchange lossesHK$1,705HK$1,170HK$2,218
Freelancer payments & gearHK$64,400HK$34,090HK$0
hkfp transparency report
  • As a non-profit, with no shareholders or investors, HKFP’s surplus was recycled back into the company in 2019.
  • 73% of all spending goes directly towards supporting our hard-working full-time news team.

In 2019, HKFP went through a legal examination to be recognised as the equivalent of a US charity. Hong Kong law does not allow media outlets to register as tax-exempt charities, thus HKFP is a limited by guarantee company – a non-profit, answerable to readers not shareholders.

NGOsource Equivalency Determination on File

As of January, 2020, we are now certified by NGO Source. Whilst this does not mean we are tax-exempt, it can be of some assurance to donors and grant-making bodies that we meet the same standards of a US public charity in terms of our structure, accountability and governance.

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Not-for-profit, run by journalists and completely independent, the HKFP team relies on readers to keep us going and to help safeguard press freedom. Learn more about our achievements in our latest Annual Report. Our Transparency Report shows how carefully we spend every cent.

Make an instant one-off donation of any amount, or make a monthly commitment and become an HKFP Patron. HK$200 per month – the price of a weekly coffee – helps us achieve sustainability and safeguards our independence.

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