Social Finance Inc
2 Atlantic Ave 5th Floor, Boston, MA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $79,102,825 | $36,403,375 | $172,636,907 |
| FY2023 | $39,216,945 | $31,575,913 | $137,207,753 |
| FY2022 | $73,403,817 | $23,292,911 | $133,532,310 |
| FY2021 | $81,693,226 | $18,374,286 | $85,065,016 |
| FY2020 | $15,898,059 | $15,343,537 | $23,275,793 |
| FY2019 | $23,709,426 | $12,360,889 | $23,021,399 |
| FY2018 | $13,964,882 | $10,077,690 | $11,672,862 |
| FY2017 | $9,323,324 | $7,941,159 | $7,785,670 |
| FY2016 | $4,871,173 | $5,025,648 | $6,103,505 |
| FY2015 | $4,199,681 | $4,452,553 | $6,257,980 |
| FY2014 | $6,936,909 | $3,529,878 | $6,510,852 |
| FY2013 | $2,272,820 | $1,967,384 | $3,103,821 |
| FY2012 | $2,682,041 | $2,849,928 | $2,798,385 |
| FY2011 | $4,052,326 | $1,086,054 | $2,966,272 |
Form 990 filings
The returns filed by Social Finance Inc (EIN 27-4620963), 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 | $64,478,252 | 82% |
| Program service revenue | $8,954,646 | 11% |
| Other revenue | $5,669,927 | 7% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $29,566,137 | 81% |
| Management & general | $6,512,143 | 18% |
| Fundraising | $325,095 | 1% |
What the numbers show
- Contributions & grants made up 82% of total revenue in FY2024.
- Program services accounted for 81% of functional expenses, management & general 18%, and fundraising 1%.
- 81% of functional expenses went to program services in FY2024. That is higher than 14.6% of 130 Human Services organizations in MA.
- Net assets covered about 56.9 months of expenses at the end of the reporting year. That puts it in the 84th percentile among 1423 Human Services organizations in MA.
- Total revenue was higher than 98.8% of 1448 Human Services organizations in MA.
- Total revenue rose from $4,052,326 in FY2011 to $79,102,825 in FY2024. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2012, FY2015, FY2016).
- The highest revenue on record here is $81,693,226 in FY2021.
- Net assets grew from $2,966,272 to $172,636,907 between FY2011 and FY2024.
- Contributions and grants made up 100% of revenue in FY2011 and 82% in FY2024.
- 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
SOCIAL FINANCE BUILDS INNOVATIVE PARTNERSHIPS AND INVESTMENTS THAT REALIGN SYSTEMS TO MEASURABLY IMPROVE LIVES.
IRS status
| Ruling year | 2012 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | P12 — Human Services (in MA) |
| 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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