Public nonprofit record
NEW PROFIT INC
EIN 04-3396766 · Nonprofit Management (S50)
What they do
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. and WE PARTNER WITH SOCIAL ENTREPRENEURS, PHILANTHROPISTS, and CROSS-SECTOR LEADERS to SHIFT HOW THE PHILANTHROPIC SECTOR PURSUES SOCIAL CHANGE and ENSURES THAT EVERYONE IN AMERICA CAN THRIVE. SINCE 1998, NEW PROFIT HAS INVESTED OVER $350M IN 275+ HIGH-IMPACT ORGANIZATIONS SERVING MORE THAN 35 MILLION PEOPLE IN ALL 50 STATES.
Money
Tax year 2024Financial picture
Revenue$33,625,326
Expenses$43,748,913
Assets$120,251,296
Income$33,625,326
Contributions$29,503,554
Grants given$115,727,034
Average grant$195,155
Management$5,861,487
Executive compensation$1,588,055
Accounting fees$91,830
About this charity
- Recognized since
- January 1998
- Location
- 99 BEDFORD STREET 500, BOSTON, MA 02111
- County
- Suffolk
- In care of
- DOUG BORCHARD
- Primary officer
- DOUG BORCHARD, MANAGING PARTNER, COO
How to reach them
Filing and classification
- Latest tax year
- 2024
- Tax period began
- January 1, 2024
- Return type
- 990
- Tax preparer
- AAFCPAS INC
- NTEE classification
- Nonprofit Management (S50)
- IRS tax category
- Nonprofit Management
- Grant-giving organization
- Yes
More public IRS record details
These are classification codes from the organization’s public nonprofit record.
- Subsection
- 03
- Affiliation
- 3
- Classification
- 1000
- Deductibility
- 1
- Foundation
- 15
- Activity
- 994603000
- Organization
- 1
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