California · Nonprofit
LA PROMISE FUND
LA PROMISE FUND (California) receives grants from 84 organizations whose IRS filings report $31,957,492 to it, the largest being SERVICE STATION FOUNDATION F/K/A THE CHERNIN FAMILY FOUNDATION INC ($6,218,995). 49 of them have funded it in more than one year.
- Revenue FY2025
- $20M
- Funders on record
- 84
- Grants received
- $32M
- Net assets
- $7.5M
What La Promise Fund does
Mission
To provide students with academic and enrichment opportunities that spark passion, empower leadership, and prepare them for their chosen college and career paths.
As stated on its FY2025 Form 990.
Programs
Working through our charter schools and a portfolio of programs that reach students throughout la county, La Promise Fund creates vibrant community hubs and partnerships that foster motivated, engaged and directed students poised for academic, professional and personal success. The public school russell westbrook why not? High school is operated by La Promise Fund and serves students in grades sixth through twelve.
$12,343,398 spentof which $816,530 as grants$561,720 earned by the program75% of program spendingBuilding college success (bcs) is a south la-focused initiative that partners with select colleges and universities to create pathways for college success, enabling more students from 11 south la high schools to attend and graduate from 4-year colleges.
$3,228,545 spent$1,590,709 earned by the program20% of program spendingArtsmatter delivers impactful arts education programs to los angeles schools by equipping teachers with resources to integrate media arts into their classrooms. By expanding student access to art and technology, artsmatter programs enhance student engagement and foster creative thinking, technical skills, and career readiness in la's creative economy.
$959,518 spent$95,694 earned by the program6% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $16,531,461.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $9.0M to $49M (+451%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 24% · 2018 42% · 2019 41% · 2020 15% · 2021 17% · 2022 28% · 2023 37% · 2024 23% · 2025 48%. Grants only. Government contracts and fees sit inside program revenue.
88% of LA PROMISE FUND’s revenue is contributions — more donation-reliant than the typical peer (23% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2017 → 2023: the base broadened from 25 funders to 26 funders, grant income rose $2.5M → $4.2M.
18 of 84 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 13% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $495k from one payer (the same organization on both sides, largest La Promise Fund). These are real filings, and they are not money LA PROMISE FUND raised.
From the IRS filings of LA PROMISE FUND’s funders (the co-funder graph). Top 30 of 84 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
LA PROMISE FUND has a broad base — no single funder exceeds 19% of grant income, and it takes 4 funders to reach half.
the vertical line marks half of all grant income — 4 funders to its left
42% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund LA PROMISE FUND.
Largest funder’s share by year: 2017 20% · 2018 19% · 2019 22% · 2020 28% · 2021 33% · 2022 27% · 2023 22% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
43% of LA PROMISE FUND's funders are still giving 3 years after their first grant; 58% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
62% of LA PROMISE FUND's grant income comes from California funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $4.2M arriving through sponsors registered in 12 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
LA PROMISE FUND has grown faster than three-quarters of the 3,758 education nonprofits its size.
this organization peer median middle 50% of peers· 3,758 education nonprofits $10M–$100M, FY2025
Government funding LA PROMISE FUND receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $9.7M on record.
- Department of Education$9.7M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like LA PROMISE FUND
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In California
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
75% of spending goes to programs.
Governance
Public support
88%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 1 related entity
- La Promise Fund Facility LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for LA PROMISE FUND: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds LA PROMISE FUND?
- LA PROMISE FUND (California) receives grants from 84 organizations whose IRS filings report $31,957,492 to it, the largest being SERVICE STATION FOUNDATION F/K/A THE CHERNIN FAMILY FOUNDATION INC ($6,218,995). 49 of them have funded it in more than one year.
- How many funders does LA PROMISE FUND have?
- IRS filings report 84 organizations giving $31,957,492 in grants to LA PROMISE FUND, 49 of which have funded it in more than one year.
- Who is the largest funder of LA PROMISE FUND?
- SERVICE STATION FOUNDATION F/K/A THE CHERNIN FAMILY FOUNDATION INC is the largest funder on record, with $6,218,995 in grants. The full list of funders is on this page.
- How can an organization like LA PROMISE FUND find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in California. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 84 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing