From public IRS filings

NEW PROFIT INC

BOSTON, MA · Community Improvement

EIN (Tax ID): 04-3396766Latest Form 990: 2024IRS ruling year: 1998Find their 990 filing →

Mission

NEW PROFIT IS A VENTURE PHILANTHROPY ORGANIZATION THAT CATALYZES THE IMPACT OF SOCIAL ENTREPRENEURS WHO ARE EXPANDING ACCESS AND OPPORTUNITY IN AMERICA. WE PROVIDE CAPITAL, CAPACITY, AND COMMUNITY TO A PORTFOLIO OF ORGANIZATIONS TO INCREASE THEIR IMPACT, SCALE, AND SUSTAINABILITY. AND WE PARTNER WITH SOCIAL ENTREPRENEURS, PHILANTHROPISTS, AND CROSS-SECTOR LEADERS TO SHIFT HOW THE PHILANTHROPIC SECTOR PURSUES SOCIAL CHANGE AND ENSURES THAT EVERYONE IN AMERICA CAN THRIVE. SINCE 1998, NEW PROFIT HAS INVESTED OVER $350M IN 275+ HIGH-IMPACT ORGANIZATIONS SERVING MORE THAN 35 MILLION PEOPLE IN ALL 50 STATES.

Financials (IRS Form 990)

Total revenue
$33.6M
Total expenses
$43.7M
Total assets
$120.3M
Program expense ratio
7881%

Source: IRS Form 990, tax year 2024.

Who funds NEW PROFIT INC

$7.4M in foundation grants on record from 16 funders — from IRS 990 grant line items.

FunderTotal givenGrants
San Francisco Foundation$11M2
Gs Donor Advised Philanthropy Fund for Wealth Management$10M1
Boston Foundation$7.6M5
Fidelity Investments Charitable Gift Fund$6.6M2
Donor Advised Charitable Giving$3M4
Vanguard Charitable Endowment Program$1.1M4
Massachusetts Higher Education Assistance$1M2
Impactassetsinc$750K1
Denver Foundation$600K3
American Online Giving Foundation$473K4

Leadership

DOUG BORCHARD — MANAGING PARTNER, COO (Principal officer)

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