Charity Search / NEW PROFIT INC
Community Improvement (S50) 990 on File

NEW PROFIT INC

EIN: 04-3396766 · BOSTON, MA 02109-5800 · United States · FY 2024 Data
3 out of 5 56 / 100 Based on 2+ years of filings
Financial strength (30%) 78/100
Reliability (20%) 55/100
Effectiveness (25%) 88/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$33.6M
Total Revenue
$43.7M
Total Expenses
$118.2M
Net Assets
99
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 78.8%
Fundraising Efficiency N/A
Operating Reserve 32.43x
Liability-to-Asset 1.7%
Revenue Diversification 87.7%
Executive Compensation $2.5M
Compared with Peers
FY 2024
Compared with 285 similar organizations (United States, Community Improvement, $10M–$100M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
78.8% 90.2%
P10P90
Bottom quarter
Admin expense ratio
Management and general / total expenses · lower is better
13.4% 8.3%
P10P90
Below median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
7.8% 0.2%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
32.4 mo 5.5 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
1.7% 40.6%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
87.7% 91.4%
P10P90
Above median
Revenue growth
Year over year revenue growth
-55.1% 5.8%
P10P90
Expense growth
Year over year expense growth
7.8% 7.4%
P10P90
Surplus margin
Surplus as a share of revenue
-30.1% 1.3%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $33.6M $43.7M $118.2M 78.8% 99
2023 $74.9M $40.6M $128.3M 75.6% 86
2022 $22.2M $35.5M $98.9M 80.7% 88
2021 $77.1M $27.5M N/A — 84
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Organization Details
EIN
04-3396766
State
MA
City
BOSTON
ZIP
02109-5800
Classification
S50
Category
Community Improvement
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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