LA PROMISE FUND

LOS ANGELES, CA, 90007-4663 (213) 745-4928 Est. 2005 EIN 20-4562686
B82— Education Form 990 501(c)(3)
WWW.LAPROMISEFUND.ORG

Mission

TO IMPROVE ACADEMIC ACHIEVEMENT AS WELL AS COLLEGE AND CAREER ACCESS AND SUCCESS FORSTUDENTS IN THE RUSSELL WESTBROOK WHY NOT? ACADEMY, SLATE-Z, AND BEYOND.

Giving Portfolio

Total Grants
25
Total Giving
$1.4M
Recipients
11
Years Active
2018 - 2021
Avg grant: $141,529 Median: $45,227

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20211$465K $465K01
20202$71K $35K02
201914$749K $53K42
20188$100K $13K20

Sectors Funded

Education
5
Youth Development
2
Employment
2

Top States

California
25

Grantee Size Profile

$10M - $50M
5
$5M - $10M
2
Over $50M
2

Top Grantees

MANUAL ARTS HIGH SCHOOL
CA
$100K
FREMONT HIGH SCHOOL
CA - 2 grants
$96K
CRENSHAW HIGH SCHOOL
CA - 2 grants
$91K
ORTHOPAEDIC HOSPITAL MEDICAL HIGH
CA - 2 grants
$72K
SANTEE EDUCATION COMPLEX
CA - 2 grants
$70K
WEST ADAMS PREP HIGH SCHOOL STUDENT BODY
CA - 2 grants
$65K
AUGUSTUS F HAWKINS HIGH SCHOOL
CA - 2 grants
$58K
and 7 more grantees

Grants Awarded · 9 grants

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Financials

Total Revenue
$19,518,864
Total Expenses
$15,946,369
Net Assets
$9,560,523
144 employees 90 volunteers
From latest filing (tax period ending 2024-06-30)

Financial Health

Operating Reserve
7.2 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 42.0%
Expenses ↑ 4.2%
Revenue Sources
Contributions 92.7% Investment 4.5% Other 3.0%
Expense Breakdown
Program 77.8% Management 19.1% Fundraising 3.1%

Officers & Trustees (34)

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Filing History (7 filings)

YearRevenueExpensesNet Assets
2023 Form 990$19,518,864 $15,946,369$9,560,523
2022 Form 990$13,745,998 $15,302,635$5,988,028
2021 Form 990$15,071,176 $13,954,124$7,544,665
2020 Form 990$12,859,195 $10,774,753$6,427,613
2019 Form 990$11,950,432 $11,189,090$4,343,171
2018 Form 990$9,264,786 $8,557,854$3,581,829
2017 Form 990$8,199,923 $7,401,428$2,874,897

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EIN: 20-4562686 · Source: IRS Form 990 e-file data