Social Finance Inc
81% goes to programs $1 to raise $100 Strong reserves
Social Finance Inc is a 501(c)(3) organization based in Boston, Massachusetts, registered in 2012, with $79,102,825 in FY2024 revenue. CharityIndex grades it A, and it directs about 81% of spending to programs.
2 Atlantic Ave 5th Floor, Boston, MA, 02110 EIN 27-4620963 Since 2012
Revenue (FY2024)
$79.1M
▲ 101.7% vs prior year
Human Services median: $293K
Expenses (FY2024)
$36.4M
Net assets
$172.6M
Employees
137
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating81% to programs · $1 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Social Finance Inc: 81% to programs · $1 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating57 mo reserves · +54% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Social Finance Inc: 57 mo reserves · +54% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Social Finance Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Social Finance Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Social finance builds innovative partnerships and investments that realign systems to measurably improve lives.
What they do
Impact advisory servives-public sector practice - sfi partners with elected officials, policymakers, civic leaders, community members, and service providers to develop government funding tools that link funding to outcomes to maximize the impact of taxpayer dollars. sfi analyzes data to support better decision making and helps actively manage programs for outcomes. we establish collaborative governance strategies to drive improvement and innovation. sfi also strengthens the capacity of government departments to enable more effective and equitable delivery of public service, and it supports partners in designing and executing innovative programs, practices, and partnerships, grounded in pay for success principles.
Market education - sfi works to build the pfs field through research and publications that synthesize sfi's learnings in its impact investment and advisory work. through key market education efforts, including white papers, op-eds and blog posts, speaking opportunities, and media engagements, sfi contributes to the advancement of evidence-based policy, effective philanthropy, and impact investing.
Contact & location
- Address
- 2 Atlantic Ave 5th Floor, Boston, MA, 02110
- City
- Boston
- State
- Massachusetts
- Category
- Human Services
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $2.3M (FY2013) to $79.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $21.7MNet assets $172.6M
Operating margin
54.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$194.3M
Total liabilities
$21.7M
Net assets
$172.6M
Salaries & benefits
$22.1M
61% of expenses
Board members
15
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $79,102,825▲102% | $36,403,375▲15.3% | $172,636,907▲25.8% | $194,299,108▲22.8% | 990 |
| 2023 | $39,216,945▼46.6% | $31,575,913▲35.6% | $137,207,753▲2.8% | $158,209,325▲3.0% | 990 |
| 2022 | $73,403,817▼10.1% | $23,292,911▲26.8% | $133,532,310▲57.0% | $153,587,163▲60.0% | 990 |
| 2021 | $81,693,226▲414% | $18,374,286▲19.8% | $85,065,016▲265% | $95,994,128▲210% | 990 |
| 2020 | $15,898,059▼32.9% | $15,343,537▲24.1% | $23,275,793▲1.1% | $30,934,940▲11.9% | 990 |
| 2019 | $23,709,426▲69.8% | $12,360,889▲22.7% | $23,021,399▲97.2% | $27,643,072▲76.3% | 990 |
| 2018 | $13,964,882▲49.8% | $10,077,690▲26.9% | $11,672,862▲49.9% | $15,683,196▲69.7% | 990 |
| 2017 | $9,323,324▲91.4% | $7,941,159▲58.0% | $7,785,670▲27.6% | $9,242,359▲36.3% | 990 |
| 2016 | $4,871,173▲16.0% | $5,025,648▲12.9% | $6,103,505▼2.5% | $6,783,382▼3.2% | 990 |
| 2015 | $4,199,681▼39.5% | $4,452,553▲26.1% | $6,257,980▼3.9% | $7,008,307▲0.5% | 990 |
| 2014 | $6,936,909▲205% | $3,529,878▲79.4% | $6,510,852▲110% | $6,976,111▲109% | 990 |
| 2013 | $2,272,820 | $1,967,384▼31.0% | $3,103,821▲10.9% | $3,331,363▼14.1% | 990 |
| 2012 | — | $2,849,928 | $2,798,385 | $3,880,234 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Tracy Palandjian — $789,674 (2.17% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Tracy Palandjian | Ceo & Co-founder | 40 | $789,674 |
| Kirstin Hill | President & Coo | 40 | $383,937 |
| John Woods | Chief Financial Officer | 40 | $302,680 |
| Jacob Segal | Managing Director, Impact Adv. | 40 | $297,535 |
| Karen Lynn Anderson | Managing Dir, Sfi | 40 | $291,355 |
| Navjeet K Bal | General Counsel(until 12/6/24) | 40 | $249,491 |
| Andrew C Chen | Vp, Impact Investments | 40 | $238,720 |
| Stephen Gaetano Vicinelli | Vp, Impact Investments | 40 | $237,195 |
| Jonathan S Edwards | Vp, Impact Investments | 40 | $235,720 |
| Catherine Dun Rappaport | Vp, Impact Investments | 40 | $234,695 |
| Justin Bakule | Vp, Impact Investments | 40 | $234,695 |
| Leslie Cornell | Gen. Couns. & Chief Comp. | 40 | $218,762 |
| Alexa Rachlin | Director | 2 | — |
| Bracebridge H Young Jr | Director | 2 | — |
| Doug Henderson | Treasurer | 2 | — |
| Dr Lauren Smith | Director | 2 | — |
| Edward L Shapiro | Director | 2 | — |
| Elizabeth Lempres | Director | 2 | — |
| Governor Deval Patrick | Director | 2 | — |
| Ian Simmons | Director | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Focus Technology | Information Tech. | $232,049 |
| Bdo | Accountant | $188,500 |
| Social Finance Nl Bv | Generalist Contr. | $184,311 |
| The Education Board Inc | Institute Fellow | $112,500 |
| Pearl Street Collective | Recruitment | $107,250 |
Grants received · $93.5M total
80 grants to Social Finance Inc totaling $93.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Ascendium Education Solutions Inc | Grant, exploring innovative financing to strengthen pre-apprenticeships, creating rural talent finance partnerships, and establishing the social finance institute | 2024 | $2,503,500 |
| Fidelity Non-profit Management Foundation | Campaign/fundraising plan | 2024 | $1,500,000 |
| Amalgamated Charitable Foundation Inc | Project support | 2024 | $250,000 |
| Impactassets Inc | General support | 2024 | $100,500 |
| The Seattle Foundation | Impact first fund | 2024 | $100,000 |
| National Philanthropic Tr | Human services | 2023 | $8,000,000 |
| Blue Meridian Partners Inc | To support scaling plan | 2023 | $6,000,000 |
| Fidelity Non-profit Management Foundation | Campaign/fundraising | 2023 | $1,500,000 |
| Impactassets Inc | Colorado pay it forward fund | 2023 | $1,000,500 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $525,000 |
| Boston Foundation Inc | Operating support/annual fund | 2023 | $510,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $385,000 |
| Donor Advised Charitable Giving | Human services | 2023 | $100,000 |
| Amalgamated Charitable Foundation Inc | General operating support | 2023 | $50,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $50,000 |
Grants made · $1.1M in FY2024
3 grants totaling $1.1M in FY2024. All grants made by Social Finance Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Tuscaloosa Research and Education Advancement Corporation | Pave sib project outcomes payments | $692,486 |
| Merit America | Google ai startup grant project | $417,600 |
| Unidosus | Google ai startup grant project | $32,691 |
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Frequently asked questions
- Is Social Finance Inc a legitimate nonprofit?
- Yes. Social Finance Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 27-4620963, based in Boston, Massachusetts. Donations are tax-deductible.
- What is Social Finance Inc's EIN?
- Social Finance Inc's Employer Identification Number (EIN) is 27-4620963.
- How much revenue does Social Finance Inc report?
- Social Finance Inc reported $79,102,825 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Social Finance Inc's spending goes to programs?
- Social Finance Inc spends about 81% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Social Finance Inc have?
- CharityIndex grades Social Finance Inc A, based on program efficiency and fundraising cost.
- How much does Social Finance Inc's highest-paid employee make?
- The highest reported compensation on Social Finance Inc's latest Form 990 is $789,674, paid to Tracy Palandjian (Ceo & Co-founder).
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Data for Social Finance Inc (EIN 27-4620963) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.