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New Profit
New Profit reported $32.9 million in revenue and $54.0 million in expenses for calendar year 2025. Of every $100 it spent, $80.85 went to program services, $12.34 to management and general costs and $6.81 to fundraising. Its largest source of revenue was contributions and grants: 89.8% of the total. The highest compensation it reported for one person was $542,352 (CEO). 60 people received more than $100,000 in reportable compensation. Revenue fell 30% between 2019 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $54MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2025 · Form 990, Part VIII · total revenue $33MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 80.9% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.3% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 6.8% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.12 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 89.8% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.1% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $542,352 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.00% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 60 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 21.7 | 9.2 |
| Independent voting board members Part VI 1a–1b | 13 of 15 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2025 · Form 990, Part III · the three largest programs by expenseNo description in Part III; see the filing.
No description in Part III; see the filing.
Highest reported compensation
2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO Director/trustee, officer, 45.00 hrs/week | $524,222 | $0 | $18,130 | $542,352 |
| FOUNDER IN RESIDENCE/SENIOR PARTNER Director/trustee, officer, 45.00 hrs/week | $364,234 | $0 | $37,080 | $401,314 |
| MANAGING PARTNER, COO Officer, 45.00 hrs/week | $355,636 | $0 | $37,063 | $392,699 |
| PRESIDENT Officer, 45.00 hrs/week | $357,119 | $0 | $30,466 | $387,585 |
| SENIOR ADVISOR Highest compensated employee, 45.00 hrs/week | $363,048 | $0 | $8,300 | $371,348 |
| MANAGING PARTNER,ED AMERICAN FORWARD Highest compensated employee, 45.00 hrs/week | $336,585 | $0 | $13,019 | $349,604 |
| MANAGING PARTNER, INVESTOR RELATIONS Highest compensated employee, 45.00 hrs/week | $260,671 | $0 | $36,984 | $297,655 |
| MANAGING PARTNER, ECOSYSTEM BUILDING Highest compensated employee, 45.00 hrs/week | $256,436 | $0 | $30,980 | $287,416 |
60 people received more than $100,000 in reportable compensation from New Profit (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.0M (Part IX, line 5).
7 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b15 · 13 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 598
- Volunteers Part I, line 617
Largest outside contractors
2025 · Form 990, Part VII, Section B · businesses only| SUSAN ASIYANBI DBA O PRACTICE LLC Leadership coaching | $561,875 |
| LANCE POTTER DBA EVALUATION STRATEGY LL Evaluation and portfolio support | $267,750 |
| ON-RAMPS Recruiting | $228,281 |
| MCPHERSON STRATEGIES Communication strategy & implementation | $195,750 |
Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.
Private foundation grants it received
20 private foundations reported grants to New Profit totaling $13M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from New Profit's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for New Profit, you can publish a response that is linked from this page.
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Of every $100 New Profit spent in 2025, $80.85 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The Chicago Community Loan FundChicago, IL · revenue $33M · programs 87.1% · 2025
- Tri-Valley Opportunity CouncilCrookston, MN · revenue $33M · programs 94.1% · 2024
- Invest Detroit FoundationDetroit, MI · revenue $32M · programs 77.6% · 2024
- Cypress Hills Local Development CorporationBrooklyn, NY · revenue $33M · programs 77.0% · FY2025
- American Society of Heating Refrigerating and A-C EngineersPeachtree Corners, GA · revenue $32M · programs 69.4% · FY2025
All community improvement & capacity building charities · Largest charities in Massachusetts
Questions people ask
How much of New Profit's spending goes to programs?
In calendar year 2025, New Profit reported that 80.9% of its $54.0 million in expenses went to program services, 12.3% to management and general and 6.8% to fundraising (Form 990, Part IX).
How much does New Profit pay its top executive?
The largest total compensation New Profit reported for one person in calendar year 2025 was $542,352, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does New Profit get its money?
Of $32.9 million in revenue in calendar year 2025, 89.8% came from contributions and grants and 0.1% from program service revenue (Form 990, Part VIII).
Is New Profit a registered charity?
The IRS lists EIN 04-3396766 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2025: Form 990 for calendar year 2025, object 202632379349302128 · read the filing
- 2024: Form 990 for calendar year 2024, object 202541979349301529 · read the filing
- 2023: Form 990 for calendar year 2023, object 202442969349300749 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303119349301640 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233159349305148 · read the filing
- 2020: Form 990 for calendar year 2020, object 202132389349301623 · read the filing
- 2019: Form 990 for calendar year 2019 (amended), object 202220699349301042 · read the filing
All filings for EIN 04-3396766: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.