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Education : Education Policy and Reform

New Profit

Helping social entrepreneurs build world-class organizations

90.29

225 Franklin Street, Suite 350 Boston, MA 02110
tel: (617) 912-8800   Web Site
EIN: 04-3396766

Board Leadership
Jeffrey C. Walker
Chair

CEO
Vanessa Kirsch
Founder and Chief Executive Officer

  Score
(out of 100)
Rating
Overall Score & Rating 90.29
  Financial 88.85
  Accountability & Transparency 92.00
This rating was published 04/01/2021 and includes data from FY2019, the most recent 990 received at that time.

New Profit is a national nonprofit venture philanthropy fund. Our mission is to break down the barriers that stand between people and opportunity in America. We work with visionary entrepreneurs, philanthropists, and other partners to upend the status quo and transform the way America educates its children, propels people towards social and financial stability, and creates healthy communities.

New Profit is a national nonprofit venture philanthropy fund. Our mission is to break down the barriers that stand between people and opportunity in America. We work with visionary entrepreneurs, philanthropists, and other partners to upend the status quo and transform the way America educates its children, propels people towards social and financial stability, and creates healthy communities.

Financial

88.85

Accountability & Transparency

92.00

This rating was published 04/01/2021 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
81.0%
  Administrative Expenses 10.8%
  Fundraising Expenses 8.0%
  Fundraising Efficiency $0.06
  Working Capital Ratio (years) 3.07
  Program Expenses Growth -9.4%
  Liabilities to Assets 1.2%
All data for Financial Performance Metrics calculations was provided by New Profit on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by New Profit on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
New Profit (MA) 90.29
New Teacher Center (CA) 86.58
American Federation for Children Growth Fund (DC) 85.94
City Forward Collective, Inc. (WI) 92.02
Council of Independent Colleges (DC) 87.86

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $46,371,399
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $46,371,399
   Program Service Revenue $106,037
Total Primary Revenue $46,477,436
   Other Revenue $400,276
TOTAL REVENUE $46,877,712
   
EXPENSES  
   Program Expenses $17,190,053
   Administrative Expenses $2,799,863
   Fundraising Expenses $2,638,566
TOTAL FUNCTIONAL EXPENSES $22,628,482
   
Payments to Affiliates $0
Excess (or Deficit) for the year $24,249,230
   
Net Assets $73,227,682

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Portfolio Investment Fund $7,407,354 43.1%
Strategy Investment $5,368,259 31.2%
Early Childhood Support $4,414,440 25.7%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-12 04/01/2021 90.29
2018-12 05/01/2020 88.19
2017-12 12/01/2018 88.22
2016-12 03/01/2018 88.28
2015-12 05/01/2017 92.22
2014-12 06/01/2016 92.02
 
CN 2.0
2013-12 07/01/2015 91.71
2012-12 02/01/2014 88.88
2011-12 07/01/2013 84.97
2010-12 04/01/2012 88.86
2009-12 09/20/2011 91.64
 
CN 1.0
2009-12 06/01/2011 95.70
2008-12 07/01/2010 98.59
2007-12 05/01/2009 98.81
2006-12 03/01/2008 96.01
2005-12 02/01/2007 95.62
2004-12 01/01/2006 95.88
2003-12 03/01/2005 98.43

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 04-3396766
Name in IRS Master File NEW PROFIT INC
NTEE Code S50
NTEE Classification Nonprofit Management
NTEE Type Community Improvement, Capacity Building
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (994) Described in section 170(b)1)(a)(vi) of the Code
(603) Non-financial services of facilities to other organizations
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date October, 1998
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$347,649 1.53% Vanessa Kirsch Founder And CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
New Profit (MA) 90.29
Stand for Children Leadership Center (OR) 91.69
The Southern Education Foundation (GA) 92.55
EdVestors (MA) 85.61
The Mind Trust (IN) 95.05

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Charity Contact Info

New Profit
225 Franklin Street, Suite 350
Boston, MA 02110
tel: (617) 912-8800
EIN: 04-3396766

Visit Web Site

Board Leadership

Jeffrey C. Walker
Chair

CEO

Vanessa Kirsch
Founder and Chief Executive Officer

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