New Profit Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
SEE SCHEDULE O.
- Income
- $32.9 million
- Spending
- $54.0 million
- Spent on programs
- 81%
- Reserves
- 7.8 months of spending
- Largest source of income
- donations and private grants, 90%
- Employees
- 98
- Volunteers
- 17
- Highest pay
- $542,352, ceo
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 73 out of 100. Higher than 61% of charities in its peer group (community improvement, $10m to $100m).
Reserves
28 of 35Spendable reserves would cover 7.8 months of spending.
Debt
20 of 20It owes 1% of what it owns.
Living within its means
0 of 15Spending exceeded income by 64% of income.
Income trend
10 of 15Income fell 2% on the year before.
Spending floor
15 of 1581% of spending went to programs and raising each dollar of donations cost 12 cents.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 42% of charities in its peer group (community improvement, $10m to $100m).
Independent board
25 of 2513 of 15 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (5)
- $23.8 million spent. PORTFOLIO - BUILD THROUGH OUR BUILD INVESTMENTS, WE PROVIDE GRANTEES A $1-1.5M MULTI-YEAR, UNRESTRICTED GRANT AND ADVISORY SUPPORT. A DEDICATED NEW PROFIT DEAL PARTNER SERVES AS A TRUSTED ADVISOR TO THE SOCIAL ENTREPRENEUR AND AS A MEMBER OF THE ORGANIZATION'S BOARD OF DIRECTORS. OUR SUPPORT IS GEARED TOWARDS BUILDING THE LEADERSHIP CAPACITY OF SOCIAL ENTREPRENEURS AND THEIR ABILITY TO MAKE STRATEGIC CHOICES AS THEY NAVIGATE CHANGE AND GROWTH. OUR BUILD GRANTEES ARE CREATING IMPACT IN EDUCATION, DEMOCRACY, AND ECONOMIC MOBILITY.
- $9.4 million spent. ECOSYSTEM BUILDING AND POLICY OUR ECOSYSTEM BUILDING EFFORTS ENGAGE SOCIAL ENTREPRENEURS, PHILANTHROPISTS, AND OTHER NATIONAL AND LOCAL STAKEHOLDERS TO TRANSFORM HOW PHILANTHROPY THINKS ABOUT HOW TO COLLECTIVELY PURSUE IMPACT AND ALLOCATE RESOURCES. THROUGH THIS WORK, WE LEVERAGE DEEP INSIGHTS OF SOCIAL INNOVATORS IN OUR COMMUNITY TO INFLUENCE HOW RESOURCES FLOW IN THE SECTOR TO HELP REMOVE BARRIERS TO SUSTAINED PROGRESS. THE WELL IS NEW PROFIT'S BI-ANNUAL COMMUNITY GATHERING OF SOCIAL ENTREPRENEURS, ECOSYSTEM BUILDERS, PHILANTHROPISTS, AND OTHER SOCIAL IMPACT LEADERS. LAUNCHED IN 2022, THE EVENT BRINGS TOGETHER OVER 450 MEMBERS OF NEW PROFIT'S COMMUNITY WITH THE GOAL OF FACILITATING COLLABORATIVE LEARNING IN SERVICE OF DRIVING GREATER IMPACT AS INDIVIDUALS AND AS A COMMUNITY. THE WELL CREATES INTENTIONAL AND ORGANIC OPPORTUNITIES TO CONNECT ACROSS DIFFERENCES IN MEANINGFUL, ACTION-ORIENTED WAYS THROUGH SPACES AND ACTIVITIES FOCUSED ON WELLBEING, LEARNING, AND COALITION-BUILDING. POSTSECONDARY INNOVATIONS FOR EQUITY (2020-2026) LAUNCHED IN 2020 TO SUPPORT INNOVATORS THAT ARE BUILDING EVIDENCE BEHIND NEW APPROACHES TO CONNECTING YOUNG ADULTS WITH THE POSTSECONDARY CREDENTIALS AND WORK EXPERIENCE NEEDED TO ACCESS UPWARDLY MOBILE CAREERS. AN INITIATIVE OF LEARN TO EARN, NEW PROFIT'S POSTSECONDARY AND CAREER STRATEGY, PIE IS A TWO-PHASE EFFORT. THE FIRST 20 GRANTEE-PARTNERS WERE ELIGIBLE FOR THE SECOND PHASE OF THE PIE INITIATIVE, IN WHICH SELECTED ORGANIZATIONS EACH RECEIVED $1M+ BUILD INVESTMENTS FROM NEW PROFIT OVER FOUR YEARS TO FURTHER ADVANCE AND SCALE THEIR IMPACT. PHASE 2 OF PIE PROVIDES A COHORT-BASED MODEL TO FOSTERS PEER LEARNING, COLLABORATION, AND ALIGNED STRATEGY. THROUGH THE EARLY CHILDHOOD SUPPORT ORGANIZATION (ECSO) INITIATIVE, NEW PROFIT AND THE MASSACHUSETTS DEPARTMENT OF EARLY EDUCATION AND CARE (EEC), PROVIDED PROFESSIONAL DEVELOPMENT AND QUALITY IMPROVEMENT FOR HUNDREDS OF EARLY EDUCATION LEADERS REPRESENTING OVER 100 PROGRAMS ACROSS MASSACHUSETTS. AFTER A FIVE-YEAR PARTNERSHIP BETWEEN NEW PROFIT AND THE MASSACHUSETTS DEPARTMENT OF EARLY EDUCATION AND CARE (EEC), MASSACHUSETTS HAS COMMITTED $18.25 MILLION TO FULLY FUND EARLY CHILDHOOD SUPPORT ORGANIZATIONS (ECSO) OVER SIX YEARS AND NEW PROFIT HAS WOUND DOWN ITS INVOLVEMENT. THE ECSO INITIATIVE DEMONSTRATES THE POWER OF CROSS-SECTOR COLLABORATION AND SERVES AS A MODEL FOR HOW OTHER STATES AND COMMUNITIES CAN ACTIVATE SIMILAR PARTNERSHIPS TO BETTER SUPPORT EDUCATORS, HELP TO CLOSE THE ACHIEVEMENT GAP, AND SHIFT SYSTEMS. AMERICA FORWARD WAS NEW PROFIT'S NONPARTISAN POLICY INITIATIVE THAT UNITES SOCIAL ENTREPRENEURS WITH POLICYMAKERS TO TRANSFORM LOCAL IMPACT INTO NATIONAL CHANGE. NEW PROFIT WOUND DOWN THIS INITIATIVE IN 2025 TO FOCUS ON ITS CORE PORTFOLIO WORK.
- $6.1 million spent. PORTFOLIO - TRANSFORM THROUGH OUR TRANSFORM INVESTMENTS, WE PROVIDE GRANTEES A $3M+ MULTI-YEAR, UNRESTRICTED GRANT AND ADVISORY SUPPORT. TRANSFORM INVESTMENTS SUPPORT BUILD PORTFOLIO ALUMNI ORGANIZATIONS THAT HAVE A PROVEN MODEL AND A STRATEGIC PATH FORWARD TOWARDS TRANSFORMATIVE IMPACT. A DEDICATED NEW PROFIT DEAL PARTNER SERVES AS A TRUSTED ADVISOR TO THE SOCIAL ENTREPRENEUR AND AS A MEMBER OF THE ORGANIZATION'S BOARD OF DIRECTORS. OUR SUPPORT IS GEARED TOWARD SUPPORTING LEADERSHIP TEAMS AND BOARDS AS THEY NAVIGATE SIGNIFICANT INFLECTION POINTS IN THEIR GROWTH, DRIVING LARGE-SCALE IMPACT IN OUR GRANTEES' FIELDS, INCLUDING EDUCATION, DEMOCRACY, ECONOMIC MOBILITY AND HEALTH.
- $3.7 million spent. PORTFOLIO CATALYZE THROUGH OUR CATALYZE INVESTMENTS, WE PROVIDE $100K UNRESTRICTED GRANTS, A $10,000 GRANT FOR LEADERSHIP DEVELOPMENT, AND STRATEGIC ADVISORY SUPPORT OVER ONE YEAR. OUR COHORT-BASED MODEL ENABLES SOCIAL ENTREPRENEURS TO BUILD COMMUNITY WITH PEERS AND PARTICIPATE IN A SERIES OF IN-PERSON CONVENINGS AND WEBINARS. THIS PROGRAMMING IS DESIGNED TO SUPPORT ORGANIZATIONS DEEPENING THEIR IMPACT AND SCALING THEIR MODELS BY TACKLING KEY LEADERSHIP AND ORGANIZATIONAL CHALLENGES.OUR GRANTEES ARE DRIVING IMPACT IN EDUCATION, HEALTH, CRIMINAL JUSTICE REFORM, DEMOCRACY, AND ECONOMIC MOBILITY.
- $552,063 spent. PORTFOLIO - PORTFOLIO PERFORMANCE & SUPPORTNEW PROFIT ASSUMES A VARIETY OF ROLES WITH GRANTEES INCLUDING ADVISOR, COACH, AND BOARD MEMBER, IN ORDER TO PROVIDE STRATEGIC GUIDANCE GEARED TOWARDS BUILDING ORGANIZATIONS' KEY CAPABILITIES. WE BELIEVE THAT INCREASES IN THESE CAPABILITIES INCLUDING LEADERSHIP, IMPACT MODEL, STRATEGIC MANAGEMENT AND PLANNING, AND ECONOMIC MODEL ARE THE NECESSARY FOUNDATION FOR IMPACT, SCALE, AND SUSTAINABILITY, IN THE LONG-TERM. THROUGHOUT THE GRANT TERM, NEW PROFIT ALSO INVITES GRANTEES AND ALUMNI TO TAKE PART IN CONVENINGS THAT BRING TOGETHER PEER ORGANIZATIONS, FIELD EXPERTS, AND PHILANTHROPIC PLAYERS FROM ACROSS OUR NATIONAL NETWORK.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 1998.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.