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California · Nonprofit

Norcal AIDS Challenge

Norcal AIDS Challenge (California) receives grants from 7 organizations whose IRS filings report $44,741 to it, the largest being CARES FOUNDATION ($20,000). 2 of them have funded it in more than one year, and 51% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

$86k
Revenue FY2025
7
Funders on record
$45k
Grants received
$98k
Net assets
2/7 repeat fundersgrants exceed reported revenue in one year

Against its field

Norcal AIDS Challenge has grown faster than half of the 5,769 health nonprofits its size.

Operating margin−22% · below the median
Months of reserve11.2mo · below the median
Revenue growth (annualized)−6% · above the median

this organization peer median middle 50% of peers· 5,769 health nonprofits under $100k, FY2025

Three funders worth looking at

Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.

See all 12 prospects and why each one surfaced →
01The organization over time

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.

100 = 20172017 Revenue 100 ($140k) Expenses 100 ($140k) Net assets 100 ($29k)2018 Revenue 134 ($188k) Expenses 129 ($181k) Net assets 124 ($36k)2019 Revenue 116 ($163k) Expenses 18 ($25k) Net assets 592 ($174k)2020 Revenue 76 ($107k) Expenses 119 ($167k) Net assets 388 ($114k)2021 Revenue 2 ($3k) Expenses 52 ($73k) Net assets 151 ($44k)2022 Revenue 139 ($195k) Expenses 77 ($108k) Net assets 448 ($132k)2023 Revenue 78 ($109k) Expenses 82 ($114k) Net assets 431 ($126k)2024 Revenue 62 ($87k) Expenses 69 ($96k) Net assets 398 ($117k)2025 Revenue 61 ($86k) Expenses 75 ($105k) Net assets 333 ($98k)
'17'18'19'20'21'22'23'24'25
Revenue (61)Expenses (75)Net assets (333)Peer revenue range

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.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

0% of Norcal AIDS Challenge’s revenue is contributions — more earned-revenue than three-quarters of its peers (100% for the typical peer).

This organization
Typical peer · 12,162 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 reported years ran a deficit.

$438
17
$7k
18
$138k
19
$60k
20
$69k
21
$87k
22
$5k
23
$10k
24
$19k
25
11
months of
reserve
02Who funds it

Who funds it, year by year

2017 → 2023: the base narrowed from 2 funders to 1 funder, grant income fell $2k → $339.

3 of 7 of your funders are donor-advised or pass-through sponsors (tagged DAF)51% 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 Norcal AIDS Challenge’s funders (the co-funder graph). 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

Norcal AIDS Challenge leans on a few funders — its largest provides 45% of grant income and the top three 92%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

51% 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 Norcal AIDS Challenge.

45%
largest funder
92%
top three
~3
effective funders

Largest funder’s share by year: 2017 90% · 2020 100% · 2021 96% · 2022 95% · 2023 100%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.

Where its funders are

51% of Norcal AIDS Challenge'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 $22k that is directly attributable, 99% of it comes from California funders.

MN
CT
CA

In-state vs out-of-state, by year

17
21
22
California out of state home

Funder states come from each funder’s own filing. $23k arriving through sponsors registered in 3 statesis 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.

03Its place in the field

Funders to approach

Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first.

From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.

Organizations like Norcal AIDS Challenge

Nonprofits whose mission and program text most resemble this one, by semantic similarity over the universe of US filings — the closest peers, and often the clearest route to shared or prospective funders.

In California

Nationally

04Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

97% of spending goes to programs.

Program 97%Management 1%Fundraising 1%

Governance

11
board members
100%
independent
Conflict-of-interest policyWhistleblower policyDocument retentionBoard reviewed the 990Audited financials

Public support

0%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

CA

Screen this organization

A dated, signed PDF of the compliance screen for Norcal AIDS Challenge: 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.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds Norcal AIDS Challenge?
Norcal AIDS Challenge (California) receives grants from 7 organizations whose IRS filings report $44,741 to it, the largest being CARES FOUNDATION ($20,000). 2 of them have funded it in more than one year, and 51% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does Norcal AIDS Challenge have?
IRS filings report 7 organizations giving $44,741 in grants to Norcal AIDS Challenge, 2 of which have funded it in more than one year.
Who is the largest funder of Norcal AIDS Challenge?
CARES FOUNDATION is the largest funder on record, with $20,000 in grants. The full list of funders is on this page.
How can an organization like Norcal AIDS Challenge 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 7funders 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 August 27, 2026. What this page cannot tell you · view filing