Jacobin

Jacobin magazine is an explicitly Marxist publication founded in 2010 by Bhaskar Sunkara. Sunkara has said his goal in creating Jacobin was “the broader political project of rebuilding the socialist movement in the US…” Jacobin produces a quarterly print publication with 50,000 subscribers and a website with 2 million monthly views. Sunkara initially recruited colleagues from the Democratic Socialists of America to write and edit the magazine. 1 2 3

At-A-Glance

Ideological Alignment: Left of Center
Issue Areas: Multi-Issue Advocacy
Website: jacobinmag.com
Formation:

2010

Founder:

Bhaskar Sunkara

Location: Brooklyn, NY View on map
Tax ID: 46-4332395
Most Recent Filing: 2024
Budget (2024): Assets: $4,234,837 Revenue: $4,135,382 Expenses: $4,205,647

Contents

    Examples of Jacobin‘s radical content include headlines such as “Burn the Constitution,” 4 “There’s No Such Thing as Good Philanthropy,” 5 and “Yes, a Planned Economy Can Actually Work.” 6 Jacobin has received praise from left-leaning public figures such as radical academic Noam Chomsky and MSNBC host Chris Hayes. 7 8 David Sirota, a left-leaning journalist and political consultant frequently employed by the U.S. Presidential campaigns of U.S. Sen. Bernie Sanders (I—Vermont), has also been an editor-at-large for Jacobin. 9

    The Jacobin Foundation, a 501(c)(3) non-profit foundation, operates Jacobin. In 2018, the Jacobin Foundation had total revenues of $1.52 million, with $1.34 million coming from subscriptions, $107,000 from contributions and grants, and $69,000 from advertising. 10 In 2017 the Jacobin Foundation received a $100,000 grant from the left-of-center Annenberg Foundation. 11

    Background

    Jacobin was founded in 2010 by Bhaskar Sunkara, who holds the titles of founding editor and publisher. 12

    Sunkara has said his goal in creating Jacobin was to represent “a politics that was neither Leninist nor the kind of broad liberal-left opinion you get in, say, The Nation or In These Times,” and that his “broader political project” was “rebuilding the socialist movement in the US…” He has described Jacobin as “explicitly Marxist,” “programmatically socialist,” and “crassly political…” 2

    Jacobin claims a readership of 50,000 subscribers for its quarterly print publication and 2 million monthly online views. The magazine’s average “print-run” is 42,000. According to a Columbia Journalism Review profile, most of Jacobin’s subscribers joined during and immediately after the 2016 election campaign when it became “the unofficial house organ of the [Bernie Sanders] movement.” 13 14 1

    Jacobin is primarily funded by subscriptions. In 2014, approximately 20 percent of Jacobin revenue came from donations, but this percentage declined as Jacobin achieved a wider circulation. Subscription options provided on the website include comments such as, “If life has treated you well, you should feel guilty about it and subscribe at the high-income rate for the cause,” “The more years you select, the better we can construct our master plan to seize state power,” and “We want as many people to read Jacobin as possible. Postal rates are beyond our control — for now.” 15 16

    Jacobin Magazine also produces “Jacobin Radio”—podcasts from its contributors and editors. 17

    Reception

    Jacobin has steadily received positive media coverage, including major profile pieces from a variety of mainstream media outlets. These occurred even in Jacobin’s early years when it had a much more modest following. A 2013 New York Times profile of Jacobin and Sunkara was published when Jacobin Magazine had just 2,000 subscribers. 18 A 2016 Vox profile was posted during a period when the magazine had 20,000 subscribers. 19 And a 2019 Columbia Journalism Review profile occurred when Jacobin Magazine had 38,000 subscribers. 20

    Endorsements

    In an online solicitation for donations, the Jacobin editors refer to radical-left academic Noam Chomsky as “Jacobin Comrade #1” and quote an endorsement Chomsky gave of their work:21

    “The appearance of Jacobin magazine has been a bright light in dark times. Each issue brings penetrating, lively discussions and analyses of matters of real significance, from a thoughtful left perspective that is refreshing and all too rare. A really impressive contribution to sanity, and hope.” 21

    In a 2013 New York Times profile of Jacobin founder Sunkara Bhaskar, left-leaning MSNBC host Chris Hayes called Sunkara, “really remarkable,” and said Sunkara had “the combination of boastful assurance and competence of a very good young rapper.” 18 Elsewhere, Hayes has praised Jacobin, saying that even though there is “a lot in there that I don’t necessarily agree with,” Jacobin is “a really well-done publication, almost preternaturally good” and “bracingly rigorous and polemical in a really thought-provoking way.” 22

    Vox’s Dylan Matthews praised Jacobin as “perhaps the most relevant and important publication of the American political left today.” 23

    Personnel

    Jacobin is led by founder and editorial director Bhaskar Sunkara, who created the website and magazine in 2010 while a student at George Washington University. He recruited other young colleagues as writers and editors, initially in unpaid positions. Jacobin began paying writers and editors in 2013. The first paid editor was Micah Uetricht. 20

    Sunkara is the former vice-chair of the Democratic Socialists of America. 15 24 He is the author of The Socialist Manifesto The Case for Radical Politics in an Era of Extreme Inequality, a book that “explores socialism’s history since the mid-1800s,” and a “vision for its future” in America. 25

    Remeike Forbes is the publisher of Jacobin. 8 He is also a member of the board of directors of the Jacobin Foundation Ltd. 26

    David Sirota, a left-leaning journalist and political consultant frequently employed by the U.S. Presidential campaigns of U.S. Sen. Bernie Sanders (I—Vermont), has also been an editor-at-large for Jacobin. 9

    Financials

    The Jacobin Foundation, a 501(c)(3) non-profit foundation, operates Jacobin Magazine. In 2017 the Jacobin Foundation received a $100,000 grant from the left-of-center Annenberg Foundation. In 2018, the Jacobin Foundation had total revenues of $1.52 million, with $1.34 million coming from subscriptions, $107,000 from contributions and grants and $69,000 from advertising. 10 11

    Jacobin Foundation reported revenue of $301,000 in 2014, $534,000 in 2015, $1.03 million in 2016, and $1.45 million in 2017. 10

    Jacobin refers to donors as “Jacobin Comrades” and solicits them online with this pitch:21

    “Lenin didn’t have Ford Foundation money — he had Stalin rob banks instead. We here at Jacobin are in a tough position: we’re not much for physical courage, but we too want to avoid asking rich donors for money.” 21

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2024 $4,234,837 $4,135,382 $4,205,647 View
    2023 $4,503,768 $3,909,854 $3,498,334 View
    2022 $2,719,360 $4,047,221 $4,054,657 View
    2021 $3,032,394 $2,934,736 $3,117,320 View
    2020 $2,338,061 $2,835,226 $2,217,587 View

    Prior year filings: 2019, 2018, 2017, 2016, 2015, 2014

    Revenue Detail

    Expenses Detail

    Employee Compensation

    • Number of Employees: 27

    Highest Earning Employees

    EmployeeTitleTotal Compensation
    Remeike ForbesVICE PRESIDENT$96,563
    Bhaskar SunkaraPRESIDENT$92,200

    Grant Activity

    All-time grants received statistics from Candid dataset:

    • Total Grant Value: $2,073,666
    • Number of Grants: 72
    • Number of Funders: 25

    Selection of highest value grants received from the last seven years:

    AmountYearFunderSubject
    $175,0002020 Jewish Communal FundGeneral support
    $120,0002022 Lannan FoundationGENERAL SUPPORT
    $120,0002021 Lannan FoundationGENERAL SUPPORT
    $120,0002020 Lannan FoundationGENERAL SUPPORT
    $105,0002022 ImpactAssetsGENERAL SUPPORT
    $100,0002023 Lannan FoundationSUPPORT "THE DIG WITH DANIEL DENVIR"
    $100,0002022 Mckay Family Foundation IncDONATION TO THE ORGANIZATION'S GENERAL FUND TO FURTHER ITS MISSIONS.
    $67,8192023 Jewish Communal FundIN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE
    $62,4352022 Jewish Communal FundGENERAL SUPPORT
    $51,5692021 Jewish Communal FundGeneral support
    $50,2502024 Mckay Family Foundation IncDONATION TO THE ORGANIZATION'S GENERAL FUND TO FURTHER ITS MISSIONS.
    $50,0002023 Mckay Family Foundation IncDONATION TO THE ORGANIZATION'S GENERAL FUND TO FURTHER ITS MISSIONS.
    $50,0002021 Donor Advised Charitable Giving, Inc.HUMAN SERVICES
    $48,2002024 Donor Advised Charitable Giving, Inc.HUMAN SERVICES
    $47,1002023 Donor Advised Charitable Giving, Inc.HUMAN SERVICES
    $46,0502022 Donor Advised Charitable Giving, Inc.HUMAN SERVICES
    $41,0002020 Donor Advised Charitable Giving, Inc.Human services
    $30,0002024 The Puffin Foundation, Ltd.UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.
    $30,0002023 The Puffin Foundation, Ltd.UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.
    $30,0002022 The Puffin Foundation, Ltd.UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.
    $26,9952021 Fidelity Investments Charitable Gift FundFor grant recipient's exempt purposes
    $23,7512024 Jewish Communal FundIN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE
    $20,0002021 The Puffin Foundation, Ltd.UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.
    $10,0002020 Hosan FoundationSOCIAL PROGRAMS
    $8,0002024 Foundation to Promote Open SocietyTO EDUCATE THE GENERAL PUBLIC ON RIGHT-WING IDEOLOGIES IN THE U.S. AND THEIR HISTORICAL AND INTELLECTUAL ROOTS

    References

    1. Jacobin Magazine, About. Accessed May 11, 2020. https://jacobinmag.com/about
    2. New Left Review, Interview with Bhaskar Sunkara, November-December 2014. Accessed May 11, 2020. https://newleftreview.org/issues/II90/articles/bhaskar-sunkara-project-jacobin
    3. Baird, Robert P. “The ABCs of Jacobin.” Columbia Journalism Review. January 02, 2019. Accessed May 11, 2020.
    https://www.cjr.org/special_report/the-abcs-of-jacobin-socialist-magazine.php
    4. Ackerman, Seth. “Burn the Constitution.” Jacobin. March 26, 2011. Accessed May 12, 2020. https://jacobinmag.com/2011/03/burn-the-constitution/
    5. Bessner, Daniel. “There’s No Such Thing as Good Philanthropy.” Jacobin. January 08, 2020. Accessed May 12, 2020.
    https://www.jacobinmag.com/2020/01/george-soros-defense-of-open-society-philanthropy
    6. Phillips, Leigh; Rozworski, Michael. “Yes, a Planned Economy Can Actually Work.” Jacobin. March 21, 2019. Accessed May 12, 2020.
    https://jacobinmag.com/2019/03/economic-planning-walmart-democracy-socialism
    7. Jacobin Magazine Editors. “Become a Jacobin Comrade Today.” Jacobin. December 5, 2017. Accessed May 12, 2020. https://jacobinmag.com/2017/12/become-a-jacobin-comrade-today
    8. Jacobin Magazine, About. Accessed May 12, 2020. https://jacobinmag.com/about
    9. Twitter, Bhaskar Sunkara profile, May 11, 2020. Accessed May 12, 2020. https://twitter.com/sunraysunray/status/1259865408607326208
    11. Data compiled by FoundationSearch.com subscription service, a project of Metasoft Systems, Inc., from forms filed with the Internal Revenue Service. Queries conducted May 14, 2020.
    12. Sunkara, Bhaskar. “Jacobin in Print.” Jacobin. October 28, 2010. Accessed May 11, 2020.
    https://www.jacobinmag.com/2010/10/jacobin-in-print
    13. Baird, Robert P. “The ABCs of Jacobin.” Columbia Journalism Review. January 02, 2019. Accessed May 11, 2020. https://www.cjr.org/special_report/the-abcs-of-jacobin-socialist-magazine.php
    14. Jacobin Magazine, Advertise. Accessed May 12, 2020. https://jacobinmag.com/advertise
    15. New Left Review, Interview with Bhaskar Sunkara, November-December 2014. Accessed May 11, 2020.
    https://newleftreview.org/issues/II90/articles/bhaskar-sunkara-project-jacobin
    16. Jacobin Magazine, Subscribe. Accessed May 11, 2020. https://jacobinmag.com/subscribe
    17. Blubrry Podcasting, Jacobin Radio. Accessed May 12, 2020. https://blubrry.com/jacobin/
    18. Schuessler, Jennifer. “A Young Publisher Takes Marx Into the Mainstream.” New York Times. January 20, 2013. Accessed May 12, 2020.
    https://www.nytimes.com/2013/01/21/books/bhaskar-sunkara-editor-of-jacobin-magazine.html
    19. Matthews, Dylan. “Inside Jacobin.” March, 21, 2016. Vox. Accessed May 12, 2020. https://www.vox.com/2016/3/21/11265092/jacobin-bhaskar-sunkara
    20. Baird, Robert P. “The ABCs of Jacobin.” January 02, 2019. Columbia Journalism Review. Accessed May 12, 2020. https://www.cjr.org/special_report/the-abcs-of-jacobin-socialist-magazine.php
    21. Jacobin Magazine Editors. “Become a Jacobin Comrade Today.” Jacobin. December 5, 2017. Accessed May 12, 2020.
    https://jacobinmag.com/2017/12/become-a-jacobin-comrade-today
    22. Jacobin Magazine, About. Accessed May 12, 2020.
    https://jacobinmag.com/about
    23. Matthews, Dylan. “Inside Jacobin.” Vox. March, 21, 2016. Accessed May 12, 2020.
    https://www.vox.com/2016/3/21/11265092/jacobin-bhaskar-sunkara
    24. Hartman, Matt. “Overcoming Individualism.” DSUSA.org. June 30, 2017. Accessed May 11, 2020.
    https://www.dsausa.org/democratic-left/overcoming_individualism/
    25. Sunkara, Bhaskar. “The Socialist Manifesto.” Basic Books. Accessed May 11, 2020.
    https://www.basicbooks.com/titles/bhaskar-sunkara/the-socialist-manifesto/9781541674004/