Since the founding of Spare Change News, the price of the newspaper has varied. Originally it was sold for $1 and the vendor paid 25 cents for a copy making a profit of 75 cents on each paper sold. As of September 2016, a vendor pays 50 cents for each copy of the paper, then sells it on the streets for $2. As a result, the vendor makes a $1.50 profit for each newspaper sold. There are approximately 100 active vendors in the greater Boston area at any one time. Circulation is roughly 10,000 per issue. HEP/SCN rely on grants and donations to publish the newspaper, but the organization works to increase its advertising revenue to become self-sufficient.
History
The paper was started in Boston in 1992 and was the brainchild of Tim Hobson, who enlisted the aid of twelve other homeless people and one housed advocate, Timothy Harris, who was a member and Executive Director of Boston Jobs with Peace. In 1994, Harris would go on to use the model of Spare Change News and the Homeless Empowerment Project to found Real Change, a street newspaper in Seattle. The first issue of Spare Change News was published on Friday, May 8, 1992. The newspaper's first managing editor, Tim Hobson, said at its founding that it would be "heavy on politics as well as discussion of homeless empowerment". He also said an important goal was to "put a face on the homeless to show that we're human beings". MIT Professor Noam Chomsky, together with his friend, the historian Howard Zinn, were some of the first major supporters of Spare Change News. In June 1993, one of the founders, James L. Shearer, appeared before the Boston City Council to accept a special commendation on behalf of Spare Change as the newspaper celebrated its one-year anniversary. In July 2002, Spare Change News and the Homeless Empowerment Project hosted the Seventh Annual Conference of the North American Street Newspaper Association. In May 2004, Spare Change News hired journalist Samuel Scott, who was a Boston University graduate as well as former Boston Courant reporter and Boston Globe editorial assistant, to be its first professional editor. He changed the tone of the paper from advocacy journalism to objective reporting on social issues and revamped it from a black-and-white broadsheet into a color tabloid. He was later executive director of the Homeless Empowerment Project. In November 2007, Boston's South End street newspaper Whats Up Magazine disbanded and merged into Spare Change News under the umbrella of the Homeless Empowerment Project. On February 28, 2008, Whats Up published their first 4-page insert inside Spare Change News. In 2008, Spare Change News received a grant from The Harbus Foundation of Harvard University Business School, to use it "to support a long-term marketing strategy to increase the awareness of the organization amongst the general public and generate broader distribution and commensurate aid for its vendors." In October 2010, a Worcester, Massachusetts edition of Spare Change News was launched. It is a collaboration of Spare Change News and the Worcester Homeless Action Committee. In July 2011, the newspaper replaced Adam Sennott with Tom Benner, a former head of the Massachusetts State House bureau for The Patriot Ledger as the new editor-in-chief. In June 2012, Vincent Flanagan, Esq., was appointed Executive Director of the Homeless Empowerment Project/Spare Change News. In August 2012, the Reverend Osagyefo Uhuru Sekou, a Pentecostal Christian minister, community organizer, and activist who studied religion at Harvard University and Union Theological Seminary in New York, joined Spare Change News as Editor-in-Chief. In August 2015, Ms. Katherine Bennett was hired as Executive Director of HEP/SCN replacing Vincent Flanagan who had been on board for several years and had moved with his family out of state. Bennett, who is from the South Shore of Greater Boston, was involved in many homeless advocacy projects and was a journalist.
