Every spring, The Intercept launches a reader fundraising campaign to grow our base of monthly donors — that committed, generous core whose steady support powers us through the rest of the year.

At this point last March, more than 1,500 people had already become monthly donors. But so far this year, only 1,240 have — nearly a 20 percent drop.

That shortfall is coming at a challenging time, because this year, for the first time in our history, The Intercept is now operating without funding from our founding donor — whose visionary support powered us through our first decade.

Meanwhile, Trump-aligned billionaires are on the verge of an authoritarian takeover of everything Americans see, hear, and read. The Intercept has never been more needed — but its financial future has also never been more uncertain.

That’s why we’re asking: Can you donate at least $5 a month and put The Intercept on sound financial footing as we enter this new era?

A one-time gift matters. But a monthly gift is something else. It’s the difference between a newsroom that reacts and one that plans.

The news industry is in freefall. What’s left is being bought up by the same billionaires and corporations our reporters hold accountable every day. We are one of the last places doing this work — and we are doing it on a skeleton crew that punches well above its weight, powered by readers who give a damn.

Right now, we need to add 4,000 new monthly supporters by March 31. That’s how we hire the next journalist. Greenlight the next investigation. Reach a source in Gaza, Iran, or an immigration detention facility who needs us to be there.

The powerful are counting on us not having that certainty. They are counting on us being too stretched and too underfunded to go after the stories that take real time and real resources to tell.

That’s why monthly support is more important than ever. It lets us say yes to the investigation that takes six months instead of six days. It lets us commit.

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