LA PROMISE FUND

LOS ANGELES, CA, 90007 (213) 745-4928 Est. 2005 EIN 20-4562686
B82 - Scholarships & Student Financial Aid 990 - Public charity return 501(c)(3)
www.lapromisefund.org

Mission

TO PROVIDE STUDENTS WITH ACADEMIC AND ENRICHMENT OPPORTUNITIES THAT SPARK PASSION, EMPOWER LEADERSHIP, AND PREPARE THEM FOR THEIR CHOSEN COLLEGE AND CAREER PATHS.

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

Page 1 of 2
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

Grants Awarded · 9 grants

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Financials

Total Revenue
$19,838,433
Total Expenses
$21,944,660
Net Assets
$7,466,291
149 employees 95 volunteers
From latest filing (tax period ending 2025-06-30)

Financial Health

Operating Reserve
4.1 months Adequate
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 1.6%
Expenses ↑ 37.6%
Revenue Sources
Contributions 87.6% Earned revenue 11.3% Investment 1.0%
Expense Breakdown
Program 75.3% Management 22.2% Fundraising 2.5%

Officers & Trustees (34)

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Filing History (8 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jul 1, 2024 to Jun 30, 2025
$19,838,433 ↑$21,944,660$7,466,291
2023 990 - Public charity return
Jul 1, 2023 to Jun 30, 2024
$19,518,864 ↑$15,946,369$9,560,523
2022 990 - Public charity return
Jul 1, 2022 to Jun 30, 2023
$13,745,998 ↓$15,302,635$5,988,028
2021 990 - Public charity return
Jul 1, 2021 to Jun 30, 2022
$15,071,176 ↑$13,954,124$7,544,665
2020 990 - Public charity return
Jul 1, 2020 to Jun 30, 2021
$12,859,195 ↑$10,774,753$6,427,613
2019 990 - Public charity return
Jul 1, 2019 to Jun 30, 2020
$11,950,432 ↑$11,189,090$4,343,171
2018 990 - Public charity return
Jul 1, 2018 to Jun 30, 2019
$9,264,786 ↑$8,557,854$3,581,829
2017 990 - Public charity return
Jul 1, 2017 to Jun 30, 2018
$8,199,923 $7,401,428$2,874,897

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