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.
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

Charts

Compensation % of Expenses Paid to Title
$347,649 1.53% Vanessa Kirsch Founder And CEO

Mission

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.

Highly Rated

Charity Name & State Overall Score Overall Rating
New Profit (MA) 90.29
Breakthrough Collaborative (CA) 85.75
Colorado Education Initiative (CO) 86.84
National College Attainment Center (DC) 91.45
Center for Collaborative Education (MA) 90.41

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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