New Profit Inc
6 Liberty Square 2648, Boston, MA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $32,899,701 | $54,031,580 | $97,847,171 |
| FY2024 | $33,625,326 | $43,748,913 | $118,219,733 |
| FY2023 | $74,873,760 | $40,589,935 | $128,345,223 |
| FY2022 | $22,156,350 | $35,518,909 | $98,934,460 |
| FY2021 | $77,118,974 | $27,480,677 | $112,932,161 |
| FY2020 | $21,481,917 | $31,384,777 | $63,461,108 |
| FY2019 | $46,877,712 | $22,628,482 | $73,227,682 |
| FY2018 | $28,289,763 | $22,945,350 | $49,914,025 |
| FY2017 | $16,776,304 | $25,800,571 | $44,696,700 |
| FY2016 | $39,267,428 | $26,381,475 | $54,807,007 |
| FY2015 | $37,297,489 | $30,478,644 | $42,078,130 |
| FY2014 | $24,413,299 | $29,544,520 | $35,259,285 |
| FY2013 | $42,117,605 | $27,116,076 | $41,064,243 |
| FY2012 | $16,822,306 | $24,184,934 | $26,062,714 |
Form 990 filings
The returns filed by New Profit Inc (EIN 04-3396766), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $29,529,269 | 90% |
| Program service revenue | $26,350 | <1% |
| Other revenue | $3,344,082 | 10% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $43,686,323 | 81% |
| Management & general | $6,664,005 | 12% |
| Fundraising | $3,681,252 | 7% |
What the numbers show
- Contributions & grants made up 90% of total revenue in FY2025.
- Program services accounted for 81% of functional expenses, management & general 12%, and fundraising 7%.
- 81% of functional expenses went to program services in FY2025. That is higher than 21.7% of 23 Community Improvement & Capacity Building organizations in MA.
- Net assets covered about 21.7 months of expenses at the end of the reporting year. That puts it in the 64th percentile among 676 Community Improvement & Capacity Building organizations in MA.
- Total revenue was higher than 99.1% of 687 Community Improvement & Capacity Building organizations in MA.
- Total revenue rose from $16,822,306 in FY2012 to $32,899,701 in FY2025. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 7 of 14 reported years (FY2012, FY2014, FY2017, FY2020, FY2022, FY2024, FY2025).
- The highest revenue on record here is $77,118,974 in FY2021.
- Net assets grew from $26,062,714 to $97,847,171 between FY2012 and FY2025.
- Contributions and grants made up 100% of revenue in FY2012 and 90% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
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.
IRS status
| Ruling year | 1998 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | S50 — Community Improvement & Capacity Building |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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