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NEO Philanthropy
NEO Philanthropy reported $168.9 million in revenue and $184.9 million in expenses for calendar year 2024. Of every $100 it spent, $93.94 went to program services, $5.56 to management and general costs and $0.50 to fundraising. Its largest source of revenue was contributions and grants: 97.0% of the total. The highest compensation it reported for one person was $411,697 (PROGRAM DIRECTOR). 96 people received more than $100,000 in reportable compensation. Revenue rose 58% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $185MFor context, the median across 185 covered public & societal benefit charities: $88.81 programs, $11.18 management, $0.01 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $169MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 93.9% | 84.9% |
| Management & general Part IX 25(C) ÷ 25(A) | 5.6% | 10.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.5% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 97.0% | 83.8% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.8% | 3.2% |
| Highest reported compensation Part VII-A, columns D–F | $411,697 | $357,133 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.22% | 1.52% |
| People paid over $100,000 Part VII, line 2 | 96 | 12 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 10.7 | 10.5 |
| Independent voting board members Part VI 1a–1b | 9 of 9 | 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
2024 · Form 990, Part III · the three largest programs by expenseThe fiscal sponsorship program provides administrative and support services to other nonprofit organizations and/or projects that do not have 501(c)(3) tax exempt status. This program also works with these organizations, serving as an incubator for projects that are closely aligned with the organization's mission
The state infrastructure fund supports the development of state-based networks of organizations that coordinate their programming to increase civic participation among historically underrepresented communities and to protect their right to vote
The donor services program provides strategic, operational, and support services to donor-driven projects, developed in collaboration with funders. Funders include private foundations, philanthropic affinity groups, corporate donors, community foundations, as well as individuals. Although donor-driven, donor services projects must first and foremost be aligned with our organizational mission and values and can include significant grantmaking efforts
Highest reported compensation
2024 · 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 |
|---|---|---|---|---|
| PROGRAM DIRECTOR Highest compensated employee, 40.0 hrs/week | $355,267 | $0 | $56,430 | $411,697 |
| PRESIDENT Officer, 39.5 hrs/week | $323,627 | $3,955 | $56,034 | $383,616 |
| VICE PRESIDENT AND GENERAL COUNSEL Key employee, 39.9 hrs/week | $277,300 | $994 | $47,784 | $326,078 |
| COO AND EXECUTIVE VP Officer, 39.6 hrs/week | $269,084 | $2,636 | $53,406 | $325,126 |
| CHIEF PROGRAM OFFICER Key employee, 39.9 hrs/week | $266,010 | $446 | $52,803 | $319,259 |
| VICE PRESIDENT, SIF Key employee, 40.0 hrs/week | $260,028 | $0 | $51,603 | $311,631 |
| PROGRAM DIRECTOR Highest compensated employee, 40.0 hrs/week | $271,493 | $0 | $26,675 | $298,168 |
| VICE PRESIDENT, FFF Key employee, 38.1 hrs/week | $257,563 | $12,583 | $27,424 | $297,570 |
96 people received more than $100,000 in reportable compensation from NEO Philanthropy (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.2M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · 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–1b9 · 9 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 2Yes
- 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 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5447
- Volunteers Part I, line 68
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| Team Blackbird LLC Project Management | $2,280,000 |
| Analyst Institute Project Management | $1,100,752 |
| #Shout LLC Project Management | $997,000 |
| Civitas Public Affairs Group LLC Communications | $887,633 |
| Envision Change LLC Project Management | $503,183 |
Individuals listed as contractors are left out. 52 contractors were paid more than $100,000 in all.
Private foundation grants it received
124 private foundations reported grants to NEO Philanthropy totaling $89M 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 NEO Philanthropy's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for NEO Philanthropy, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 NEO Philanthropy spent in 2024, $93.94 went to programs. The full breakdown, from its IRS Form 990:
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All public & societal benefit charities · Largest charities in New York
Questions people ask
How much of NEO Philanthropy's spending goes to programs?
In calendar year 2024, NEO Philanthropy reported that 93.9% of its $184.9 million in expenses went to program services, 5.6% to management and general and 0.5% to fundraising (Form 990, Part IX).
How much does NEO Philanthropy pay its top executive?
The largest total compensation NEO Philanthropy reported for one person in calendar year 2024 was $411,697, for the role of PROGRAM DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does NEO Philanthropy get its money?
Of $168.9 million in revenue in calendar year 2024, 97.0% came from contributions and grants and 0.8% from program service revenue (Form 990, Part VIII).
Is NEO Philanthropy a registered charity?
The IRS lists EIN 13-3191113 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. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202523079349302822 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413059349301031 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323119349303087 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203019349301105 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113009349301746 · read the filing
- 2019: Form 990 for calendar year 2019, object 202033179349302648 · read the filing
All filings for EIN 13-3191113: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.