Say what you like about AI - and perhaps its impact on creative artists is an area of debate - it is good at distilling ‘diverse’ information. So when plugging this question into a well-known such tool, it suggests the answer is:

“Radio Caroline operates as a non-profit organization, relying on various funding sources to cover its operational expenses and maintain its historic vessel, the MV Ross Revenge. The station generates income through an annual on-air appeal every August, which helps cover running costs and contributes to the upkeep of the Ross Revenge. 

Additionally, Radio Caroline has initiated crowdfunding campaigns to support specific projects, such as the Ross Revenge Dry Dock Appeal, which aims to raise funds for essential maintenance and repairs to the ship. 

The station is managed by Radio Caroline AM Broadcasting Ltd, a private company limited by guarantee without share capital, indicating its non-profit status. 

In summary, Radio Caroline does not operate for profit but sustains its activities through listener donations, fundraising campaigns, and the efforts of volunteers dedicated to preserving its legacy”.

Well done if you got that at home, as they say.

I suppose the counter to it could be - well it would say that.

BB