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Charity Math
The 990 read · EIN 13-3191113 · NY · Fiscal year 2024

Neo Philanthropy

Neo Philanthropy Inc: CEO salary, finances and where donations go

In its own words

“Neo Philanthropy, inc. Nurtures strong, sustainable, and transformative movements for justice by connecting changemakers and funders, supporting emerging leaders and movements, and driving resources to groups accelerating change.”

Data only Figures straight from the filing, screened by our rules. Not yet reviewed in depth by a CPA.

Methodology by Amir Arani, CPA, CA · Updated

Top pay
$355K Dwana Franklin Davis, 0.2% of spending
Revenue
$168.9M 97% from donations and grants
Spent
$184.9M 93.9% on programs, as reported
Net assets
$164.9M end of 2024
Savings
10.7 months of spending, net assets ÷ spending
People
447 employees, 8 volunteers
Form 990 (2024), Parts I, VII, IX, X
01 · Red flags

No red flags in its latest filing.

We screen every filing against twelve rules. A flag is a prompt for a closer look, not a finding of wrongdoing.

No reported asset diversions, no insider transactions, no fundraisers keeping most of the money, and the governance policies we check for are in place.

02 · Where $1 goes · 2024

Of each dollar it spent, 93.9¢ went to programs, as reported.

The split the charity filed.
93.9¢
Programs, $173.7M
0.5¢
Fundraising, $925K
5.6¢
Admin, $10.3M
Form 990 (2024), Part IX, line 25
Cost to raise $1
1¢
as reported

For each dollar donated, Neo Philanthropy spent 1¢ on fundraising.

Fundraising ÷ $163.8M contributions · Form 990 Parts VIII, IX
03 · What it does

What it told the IRS it spent on.

The charity's own description of its largest programs, with what each cost.

Program 1 · 20.4% of program spending · $33.0M in grants $35.5M

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.

Program 2 · 20.3% of program spending · $14.6M in grants $35.2M

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.

Program 3 · 13.6% of program spending · $23.6M in grants $23.6M

Other charitable and grantmaking programs

Program 4 · 13.5% of program spending · $19.7M in grants $23.5M

The four freedoms fund is a national donor collaborative working towards full integration of immigrants as active participants in our democracy by supporting a robust local, state and national infrastructure of immigrants' rights organizations and leaders

Program 5 · 2.1% of program spending · $2.9M in grants $3.6M

Strategic Partnership Programs offer collaborative environments to develop, pilot, and continually iterate on initiatives around philanthropic practice, methods, and structures, with particular expertise building participatory decision-making models.

Form 990 (2024), Part III
04 · The savings

Net assets: $19.6M to $164.9M in 11 years.

Net assets at each fiscal year end, 2013 to 2024.

Net assets at year end, $ millions
20
25
21
21
34
48
81
89
127
141
180
165
Form 990 history via ProPublicaForm 990 (2024)
05 · Who gets paid

The 8 highest-paid people.

Reportable pay in 2024, from the charity and related organizations.

Dwana Franklin Davis
Program Director
$355,267
Michele Lord
President
$327,582
Rutledge Simmons
Vice President and General Counsel
$278,294
Erin Ballard
COO and Executive VP
$271,720
Zainab Salbi
Program Director
$271,493
Rini Chakraborty
Vice President, Fff
$270,146
Margarita Rubalcava
Chief Program Officer
$266,456
Erica Linnick
Vice President, Sif
$260,028
Form 990 (2024), Part VII, Section A
Largest outside contractors
ContractorServicePaid
Team Blackbird LLCProject management$2,280,000
Analyst InstituteProject management$1,100,752
#shout LLCProject management$997,000
Civitas Public Affairs Group LLCCommunications$887,633
Envision Change LLCProject management$503,183
Form 990 (2024), Part VII, Section B
06 · Questions

The questions people ask about the Neo Philanthropy.

Short, sourced answers. Each one stands on its own.

How much does the Neo Philanthropy CEO make?

Dwana Franklin Davis, Program Director, received $355,267 in reportable compensation in 2024, 0.2% of Neo Philanthropy's $184.9M in spending.

Form 990 (2024), Part VII

What percentage of Neo Philanthropy donations go to programs?

Neo Philanthropy reported 93.9% of 2024 spending as programs, 0.5% as fundraising and 5.6% as management.

Form 990 (2024), Part IX

How much money does Neo Philanthropy have?

Net assets were $164.9M at the end of 2024, about 10.7 months of spending.

Form 990 (2024), Part X

Does Neo Philanthropy have any red flags in its filing?

Its latest Form 990 triggered none of our twelve screening rules, which cover reported asset diversions, insider transactions, fundraiser costs, governance policies and spending patterns.

Form 990 (2024)
07 · Sources and citing

Every number, traced.

  1. Neo Philanthropy Form 990, 2024 (IRS e-file)
  2. Neo Philanthropy Form 990 history (ProPublica Nonprofit Explorer)
Cite this page

Amir Arani, “Neo Philanthropy: CEO salary, finances and where your dollar goes,” Charity Math, updated 2026-11-07. https://charitymath.com/charities/neo-philanthropy/