New Profit Inc

New Profit Inc is a registered community development nonprofit based in Boston, MA, United States. It is registered with the Internal Revenue Service (IRS). It was founded in 1997 and has been operating for 29 years. Its EIN is 043396766. According to GiveRadar's records, it holds active tax-deductible status on the IRS Publication 78 list, which means donations are tax-deductible and the organization is in good standing with the IRS. GiveRadar's Integrity Assessment for the organization is 77/100, which reflects how much public information is available, not whether the charity is legitimate. The organization reports $34M in annual revenue. 172 officers and directors are publicly disclosed. No red flags have been detected.

New Profit Inc's EIN (Employer Identification Number) is 043396766. This is the organization's IRS tax identification number; you can use it to verify tax-exempt status and to look up its Form 990 filings with the IRS.

New Profit Inc has a GiveRadar Integrity Assessment of 77/100. This score combines five components: Registration (20 pts), Financial Transparency (30 pts), Governance (20 pts), Contact Availability (10 pts), and Data Recency (20 pts), with negative adjustments for any red flags. A score of 77 ('Strong transparency') reflects well-documented governance, recent financials, named leadership, and working contact details. The charity allocates 79% of expenses to programs, which contributes positively to its score. For comparison, the average integrity assessment for community development charities in United States is 90/100.

New Profit Inc is located in Boston, MA, United States. The organization was established in 1997 and has been active for 29 years.

Based on official tax filings, New Profit Inc has $34M in annual revenue. It allocates 79% of expenses to programs and services. This is below the average of 91% for community development charities in United States. Its revenue is significantly above the peer average of $3M. Create a free GiveRadar account to view the complete financial breakdown with year-over-year trends.

New Profit Inc is classified as a Community Development organization, registered in United States. It operates as a Publicly-supported charity (509(a)(2)). By size, it is categorized as a large organization. It has $34M in annual revenue. The organization has 172 disclosed officers and directors.

No red flags have been detected for New Profit Inc. GiveRadar automatically screens charities for concerning patterns including high executive compensation, low program spending, and missing financial filings. Based on available official data, no issues have been identified.

According to GiveRadar's records, New Profit Inc holds active tax-deductible status on the IRS Publication 78 list, which means donations are tax-deductible and the organization is in good standing with the IRS. It is registered with the Internal Revenue Service (IRS). It reports that 79% of expenses go to programs (the peer average is 91%). You can donate directly through their official donation page linked on their GiveRadar profile. GiveRadar provides data for research and does not endorse any organization. A GiveRadar Integrity Assessment reflects how much public data is available, not whether an organization is safe to donate to, so it is always smart to do your own research before giving.

New Profit is a venture philanthropy organization that backs breakthrough social entrepreneurs who are advancing equity and opportunity in America. New Profit Inc is classified as a community development organization registered in United States. The organization was founded in 1997.

Among community development charities registered in United States: It allocates 79% of expenses to programs, below the peer average of 91%. Its annual revenue of $34M is well above the peer average of $3M.

Yes, donations to New Profit Inc are generally tax-deductible in the United States. New Profit Inc is a 501(c)(3) tax-exempt organization. Its EIN is 043396766, which you can use for tax filing purposes. Donors can typically deduct contributions on their federal income tax return if they itemize deductions. Consult a tax professional for guidance specific to your situation.