RICHMOND PROMISE INC

RICHMOND, CA, 94804-1630 (510) 761-7231 Est. 2016 EIN 81-1653085

B82 - Scholarships & Student Financial Aid 990 - Public charity return 501(c)(3)

www.richmondpromise.org

Mission

TO PROMOTE EDUCATIONAL EQUITY BY REMOVING BARRIERS AND CREATING PATHWAYS TO ENSURE ALL STUDENTS IN RICHMOND HAVE ACCESS TO HIGH QUALITY EDUCATION, EXCEL FROM HIGH SCHOOL TO HIGHER EDUCATION, ATTAIN A POSTSECONDARY DEGREE OR CERTIFICATION, (CONTINUED ON SCH. O)THRIVE IN THE FIELD OF THEIR CHOICE, AND BECOME A LEADER OF POSITIVE CHANGE IN THEIR COMMUNITY AND THE WORLD.

Financials

Total Revenue

$1,228,109

Total Expenses

$3,963,520

Net Assets

$22,021,001

12 employees 35 volunteers

From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve

5.6 years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 43.3%

Expenses ↑ 25.8%

Revenue Sources

Contributions 42.3% Investment 59.0%

Expense Breakdown

Program 83.5% Management 5.6% Fundraising 10.9%

Officers & Key Employees (15)

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Grants Received (46)

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Filing History (5 filings)

Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024	$1,228,109 ↑	$3,963,520	$22,021,001
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$856,880 ↓	$3,150,289	$23,374,148
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$881,299 ↓	$3,059,795	$24,030,039
2019 990 - Public charity return Jul 1, 2019 to Jun 30, 2020	$949,804 ↑	$2,735,646	$29,308,703
2017 990 - Public charity return Jul 1, 2017 to Jun 30, 2018	$685,617	$1,136,108	$31,288,866