Fidelity Non-Profit Management Foundation
7 Water Street, Boston, MA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $258,852,289 | $141,749,569 | $2,566,528,357 |
| FY2023 | $279,618,620 | $102,992,015 | $2,449,324,409 |
| FY2022 | $137,942,315 | $103,419,151 | $2,272,862,889 |
| FY2021 | $256,876,248 | $77,098,233 | $2,237,901,889 |
| FY2020 | $111,980,332 | $74,993,413 | $2,058,127,832 |
| FY2019 | $383,592,162 | $136,206,522 | $2,021,140,913 |
| FY2018 | $383,081,506 | $34,275,523 | $1,674,450,896 |
| FY2017 | $225,950,566 | $47,939,138 | $1,325,644,913 |
| FY2016 | $207,785,302 | $51,760,842 | $1,147,633,485 |
| FY2015 | $84,258,438 | $154,731,657 | $989,206,399 |
| FY2014 | $60,539,264 | $24,122,033 | $1,059,679,618 |
| FY2013 | $238,509,457 | $46,391,727 | $1,023,458,134 |
| FY2012 | $100,184,790 | $71,973,744 | $831,459,679 |
| FY2011 | $69,942,751 | $68,787,158 | $801,744,638 |
Form 990 filings
The returns filed by Fidelity Non-Profit Management Foundation (EIN 22-3195349), 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 | $22,641,202 | 9% |
| Program service revenue | $0 | 0% |
| Other revenue | $236,211,087 | 91% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $141,195,963 | 100% |
| Management & general | $553,606 | <1% |
| Fundraising | $0 | 0% |
What the numbers show
- Other revenue made up 91% of total revenue in FY2024.
- Program services accounted for 100% of functional expenses, management & general 0%, and fundraising 0%.
- 100% of functional expenses went to program services in FY2024. That is higher than 95.7% of 23 Community Improvement & Capacity Building organizations in MA.
- Net assets covered about 217.3 months of expenses at the end of the reporting year. That puts it in the 93rd percentile among 676 Community Improvement & Capacity Building organizations in MA.
- Total revenue was higher than 99.9% of 687 Community Improvement & Capacity Building organizations in MA.
- Total revenue rose from $69,942,751 in FY2011 to $258,852,289 in FY2024. Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2015).
- The highest revenue on record here is $383,592,162 in FY2019.
- Net assets grew from $801,744,638 to $2,566,528,357 between FY2011 and FY2024.
- Contributions and grants made up 2% of revenue in FY2011 and 9% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified).
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
SEE PART III LINE 1
IRS status
| Ruling year | 1994 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | S500 — Community Improvement & Capacity Building |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified). |
Similar organizations
- Third Sector New England Inc — Boston, MA · $92,168,799
- The Bridgespan Group Inc — Boston, MA · $91,623,705
- New Profit Inc — Boston, MA · $32,899,701
- Fidelity Investments Charitable Gift Fund — Boston, MA · $30,633,210,968
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.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.