California · Nonprofit
MISSION ASSET FUND
MISSION ASSET FUND (California) receives grants from 83 organizations whose IRS filings report $99,622,522 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($49,316,006). 38 of them have funded it in more than one year, and 59% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $9.7M
- Funders on record
- 83
- Grants received
- $100M
- Net assets
- $25M
What Mission Asset Fund does
Mission
To help people become visible, active, and successful in their financial lives.
As stated on its FY2024 Form 990.
Programs
Recovery program - the organization launched an unparalleled initiative supporting the financial recovery of immigrant families excluded from federal covid-19 relief. To support long-term financial recovery, the organization launched the immigrant families recovery program--a $30 million initiative providing guaranteed monthly income of $400 for up to 24 months to 3,000 immigrant families. Designed to help families stabilize and rebuild, the program goes beyond cash support by including access to credit-building products, financial education, one-on-one financial coaching, and self-advocacy training. This holistic approach ensures participants have the tools and resources to recover and thrive.
$3,084,483 spentof which $3,213,573 as grants28% of program spendingBusiness microloans - building on the lending circles model, the organization launched a business microloan program in 2012 to provide zero-interest, credit-building capital to entrepreneurs and microbusiness owners in the bay area. Originally designed for lending circles graduates, the program has evolved to serve aspiring and existing entrepreneurs across california, regardless of prior participation. Through business-specific technical assistance, financial coaching, and loans of up to $2,500, participants receive the tools and resources needed to invest in and grow their businesses. Program services are also offered through mymaf, the organization's mobile app, which provides digital access to financial education and coaching.
$2,838,488 spent26% of program spendingImmigration loans - in 2017, the organization expanded its program offerings to include a zero-interest immigration loan program and scholarships to help individuals cover the cost of key immigration processes, such as citizenship, daca, and green card applications. To meet the evolving needs of immigrant communities, the program now offers a sliding scale of credit-building loans, as well as partial and full grants to cover fees for seven uscis application types. Loan flexibility and support services are core to ensuring participants can pursue immigration relief without sacrificing financial stability.
$2,243,144 spent20% of program spendingLending circles - launched in 2008, the lending circles social loan program is rooted in the global tradition of group lending and designed to help low-income families build credit, reduce debt, and strengthen their financial security. Delivered in partnership with a nationwide network of nonprofit organizations, the program operates both through direct services in california and across the u.s. Lending circles are paired with timely, actionable, and culturally relevant financial education. Recognized for its innovation and impact, the program has helped thousands of participants access safe, affordable capital and successfully integrate into the u.s. Financial system.emergency grants - the organization created a national financial relief initiative to provide direct cash assistance to low-wage workers, california public college students, and immigrant families excluded from traditional safety nets. Rather than relying on first-come, first-served or lottery systems, the organization developed a financial equity framework to equitably distribute resources to those facing the greatest hardship. Over an 18-month period, more than 65,000 grants totaling $40 million were disbursed. In…
$2,957,813 spentof which $176,500 as grants$273,393 earned by the program27% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $11,123,928.
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 2020 to 2021, from $18M to $55M (+207%).
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 4% · 2018 8% · 2019 6% · 2020 11% · 2021 6% · 2022 28% · 2023 39% · 2024 19%. Grants only. Government contracts and fees sit inside program revenue.
87% of MISSION ASSET FUND’s revenue is contributions — more donation-reliant than the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 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.
Board chair
Dave Krimm
Board president
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 11 funders to 17 funders, grant income fell $3.0M → $1.9M.
19 of 83 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 59% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of MISSION ASSET FUND’s funders (the co-funder graph). Top 30 of 83 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
MISSION ASSET FUND leans on a few funders — its largest provides 50% of grant income and the top three 63%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
73% 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 MISSION ASSET FUND.
Largest funder’s share by year: 2017 18% · 2018 20% · 2019 23% · 2020 35% · 2021 90% · 2022 23% · 2023 26% — growing more concentrated.
“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
25% of MISSION ASSET FUND's funders are still giving 3 years after their first grant; 46% 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
59% of MISSION ASSET FUND's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $41M that is directly attributable, 52% of it comes from California funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $59M arriving through sponsors registered in 11 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
MISSION ASSET FUND's revenue grew 31% between 2017 and 2024.
this organization peer median middle 50% of peers· 4,203 community improvement nonprofits $1M–$10M, FY2024
Government funding MISSION ASSET FUND receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $1.3M on record.
- Department of the Treasury$1.3M
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 MISSION ASSET 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
88% of spending goes to programs.
Governance
Public support
93%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for MISSION ASSET 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 MISSION ASSET FUND?
- MISSION ASSET FUND (California) receives grants from 83 organizations whose IRS filings report $99,622,522 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($49,316,006). 38 of them have funded it in more than one year, and 59% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does MISSION ASSET FUND have?
- IRS filings report 83 organizations giving $99,622,522 in grants to MISSION ASSET FUND, 38 of which have funded it in more than one year.
- Who is the largest funder of MISSION ASSET FUND?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $49,316,006 in grants. The full list of funders is on this page.
- How can an organization like MISSION ASSET 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.
Play a game about who funds Mission Asset →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 83 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