California · Nonprofit
REDF IMPACT INVESTING FUND
REDF IMPACT INVESTING FUND (California) receives grants from 10 organizations whose IRS filings report $1,719,137 to it, the largest being OPPORTUNITY FINANCE NETWORK ($500,000). 2 of them have funded it in more than one year.
- Revenue FY2024
- $1.8M
- Funders on record
- 10
- Grants received
- $1.7M
- Net assets
- $3.6M
What Redf Impact Investing Fund does
Mission
Redf Impact Investing Fund (riif) invests in and provides capacity building expertise to employment social enterprises (eses)--businesses that seek financial results and create jobs, stability and economic mobility for people overcoming the toughest barriers to employment, often including histories of homelessness, incarceration, substance use, domestic violence, human trafficking, or long-term disconnection from work.
As stated on its FY2024 Form 990.
Program
Riif provides both flexible capital and capacity building expertise to help employment-focused businesses grow, strengthen operations, and attract follow-on investment. It underwrites based on cash flow reliability, contract-backed revenue, and management capacity--providing a practical path to capital access for businesses that may not meet traditional credit standards due to limited collateral, thin credit histories, or irregular cash flows. Capacity building expertise is delivered in partnership with our granting affiliate redf, leveraging more than 25 years of experience working with employment social enterprises (eses) across sectors and growth stages.riif employs a comprehensive and disciplined risk management approach to protect its portfolio while meeting the capital needs of its borrowers. Riif actively uses collateralization strategies, state-sponsored guarantee programs (such as those supported by the state small business credit initiative), and loan participations to share and diversify exposure. Credit decisions are governed by a formal risk rating system, and riif is steadily building loan loss reserves in line with current expected credit loss (cecl) principles to…
$931,181 spentof which $25,000 as grants$275,890 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $931,181.
The organization over time
Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 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 2023 to 2024, from $11M to $15M (+39%).
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: 2023 56% · 2024 6%. Grants only. Government contracts and fees sit inside program revenue.
81% of REDF IMPACT INVESTING 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. 2 of the last 6 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.
Chief executive
Carrie Mckellogg
Chief executive officer
As listed on its FY2024 Form 990.
Who funds it, year by year
2020 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $300k → $400k.
4 of 10 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 14% 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: $1.3M from one payer (the payer shares this organization's board, largest Redf). These are real filings, and they are not money REDF IMPACT INVESTING FUND raised.
From the IRS filings of REDF IMPACT INVESTING FUND’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
REDF IMPACT INVESTING FUND has a broad base — no single funder exceeds 29% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
43% 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 REDF IMPACT INVESTING FUND.
Largest funder’s share by year: 2020 100% · 2021 100% · 2022 50% · 2023 75% — diversifying over time.
“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
20% of REDF IMPACT INVESTING FUND's funders are still giving 1 year after their first grant; 20% 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
REDF IMPACT INVESTING FUND draws 80% of its grant income from funders outside California, across 6 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $244k arriving through sponsors registered in 4 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
REDF IMPACT INVESTING FUND runs a healthier operating margin than three-quarters of the 4,203 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 4,203 community improvement nonprofits $1M–$10M, FY2024
Government funding REDF IMPACT INVESTING FUND receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $2.3M on record — $1.7M federal, $670k state.
- Department of the Treasury$1.7M
- GRANTS$670k
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 REDF IMPACT INVESTING 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
95% of spending goes to programs.
Governance
Public support
50%
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
- Riif Capital LLC · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for REDF IMPACT INVESTING 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 REDF IMPACT INVESTING FUND?
- REDF IMPACT INVESTING FUND (California) receives grants from 10 organizations whose IRS filings report $1,719,137 to it, the largest being OPPORTUNITY FINANCE NETWORK ($500,000). 2 of them have funded it in more than one year.
- How many funders does REDF IMPACT INVESTING FUND have?
- IRS filings report 10 organizations giving $1,719,137 in grants to REDF IMPACT INVESTING FUND, 2 of which have funded it in more than one year.
- Who is the largest funder of REDF IMPACT INVESTING FUND?
- OPPORTUNITY FINANCE NETWORK is the largest funder on record, with $500,000 in grants. The full list of funders is on this page.
- How can an organization like REDF IMPACT INVESTING 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 FY2024 (financials across 2019–2024), and the filings of 10 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