Are they paying full prices for writing and staff? Unless they've stumbled across an unusual niche or business model, a subsidy is required one way or another.
Full time staff of between 5 and 20. No idea how writer pay works but I know my writer friends are happy with it. They are both organized as 501c3s with fundraising explicitly tied into the model
That is excellent. I would say though that the fundraising is the subsidy; I think they will have a natural arc to their charitable support like many of the older magazines are concluding.