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New Commonwealth Racial Equity and Social Justice Fund Inc

EIN 85-1850139 · Roxbury, MA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood70 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

NCF MAKES A FOREVER PLEDGE TO BUILD A COMMONWEALTH WHERE NON-PROFIT LEADERS AND COMMUNITIES HAVE ACCESS TO PHILANTHROPIC DOLLARS. WE ASPIRE TO A WORLD THAT LISTENS TO THOSE WHO ARE THE MOST PROXIMATE TO SOLUTIONS AND ALLOWS THEM TO LEAD THE COLLECTIVE MOVEMENT TOWARD REPAIR. NCF IS COMMITTED TO RESHAPING THE PHILANTHROPIC SECTOR TO ENSURE THAT FUNDING SUPPORTS A FULL SPECTRUM OF LEADERSHIP AND EXPERTISE.

Income
$5.8 million
Spending
$8.2 million
Spent on programs
74%
Reserves
16.5 months of spending
Largest source of income
donations and private grants, 76%
Employees
17
Volunteers
18
Highest pay
$422,638, president

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 70 out of 100. Higher than 34% of charities in its peer group (civil rights, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 16.5 months of spending.

  • Debt

    20 of 20

    It owes 6% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 41% of income.

  • Income trend

    0 of 15

    Income fell 75% on the year before.

  • Spending floor

    15 of 15

    74% of spending went to programs and raising each dollar of donations cost 26 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 59% of charities in its peer group (civil rights, $1m to $10m).

  • Independent board

    25 of 25

    17 of 17 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 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 (1)
  1. $6.1 million spent. THE NEW COMMONWEALTH FUND FOCUSES ITS INVESTMENT IN FIVE PILLARS TO ADVANCE RACIAL EQUITY AND ECONOMIC EMPOWERMENT. IN FISCAL YEAR 2025, THE ORGANIZATION MADE OVER THREE MILLION DOLLARS IN GRANTS AND PARTNERED WITH ORGANIZATIONS ACROSS MASSACHUSETTS. -ECONOMIC EMPOWERMENT: ASSISTING BLACK AND BROWN COALITIONS, ORGRANIZATIONS, AND INDIVIDUALS IN DEVELOPING AND IMPLEMENTING EFFECTIVE ASSET-BUILDING AND WEALTH-CREATION STRATEGIES. -POLICING & CRIMINAL JUSTICE REFORM: SUPPORTING COMMUNITY GROUPS AND COALITIONS WORKING TO IMPLEMENT POLICING POLICIES AND PRACTICES THAT DELIVER ACCOUNTABILITY, PROMOTE EQUITABLE OUTCOMES, AND ELIMINATE THE SCHOOL-TO-PRISON PIPELINE AND MASS INCARCERATION OF BLACK AND BROWN

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. 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.

  2. 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.

  3. 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.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 2022.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. 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.