Oakland Promise
Only null% goes to programs Strong reserves Growing revenue
Oakland Promise is a 501(c)(3) organization based in Oakland, California, registered in 2003, with $20,733,051 in FY2023 revenue. CharityIndex grades it B.
484 9th St, Oakland, CA, 94607 EIN 54-2103707 Since 2003
Revenue (FY2023)
$20.7M
▲ 53.9% vs prior year
Education median: $200K
Expenses (FY2023)
$15.9M
Net assets
$75.9M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Oakland Promise— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating57 mo reserves · +23% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Oakland Promise: 57 mo reserves · +23% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Oakland Promise— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Oakland Promise: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 484 9th St, Oakland, CA, 94607
- City
- Oakland
- State
- California
- Category
- Education
- Subcategory
- Student Services & Aid
- Website
- …
Financial trends
Revenue grew from $1.3M (FY2013) to $20.7M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $9.1MNet assets $75.9M
Operating margin
23.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$85.0M
Total liabilities
$9.1M
Net assets
$75.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $20,733,051▲53.9% | $15,936,021▼2.7% | $75,877,197▲12.5% | $85,025,709▲14.8% | 990 |
| 2022 | $13,469,101▼21.2% | $16,374,748▲63.4% | $67,468,619▲0.1% | $74,037,520▲7.0% | 990 |
| 2021 | $17,084,213▲35.1% | $10,019,042▲0.9% | $67,412,264▲2.5% | $69,217,814▲1.9% | 990 |
| 2020 | $12,645,124▼46.6% | $9,930,951▲20.1% | $65,747,283▲18.6% | $67,897,021▲19.6% | 990 |
| 2019 | $23,687,916▲362% | $8,266,885▲129% | $55,455,638▲265% | $56,769,938▲271% | 990 |
| 2018 | $5,124,166▼18.2% | $3,606,303▲2.7% | $15,199,268▲11.1% | $15,305,840▲11.8% | 990 |
| 2017 | $6,266,085▼28.7% | $3,512,873▲49.7% | $13,681,405▲25.2% | $13,685,501▲25.2% | 990 |
| 2016 | $8,788,417▲152% | $2,346,309▲22.8% | $10,928,193▲144% | $10,928,193▲142% | 990 |
| 2015 | $3,491,932▲84.3% | $1,910,088▲42.9% | $4,486,085▲54.5% | $4,524,183▲55.5% | 990 |
| 2014 | $1,894,813▲41.5% | $1,336,559▲46.1% | $2,904,241▲23.8% | $2,908,826▲23.8% | 990 |
| 2013 | $1,339,163 | $914,957▲35.3% | $2,345,987▲22.1% | $2,349,745▲22.3% | 990 |
| 2012 | — | $676,267▲39.6% | $1,921,781▲12.9% | $1,921,866▲12.9% | 990 |
| 2011 | — | $484,404▲12.2% | $1,702,855▲15.1% | $1,702,855▲15.1% | 990 |
| 2010 | — | $431,663 | $1,478,828 | $1,478,828 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $60.9M total
101 grants to Oakland Promise totaling $60.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Impactassets Inc | General support | 2024 | $10,000 |
| Kaiser Foundation Hospitals | Harlem children's zone - practitioner's institute | 2024 | $10,000 |
| Greater Kansas City Community Foundation | Education | 2024 | $10,000 |
| American Online Giving Foundation Inc | General support | 2024 | $6,095 |
| Blue Meridian Partners Inc | To support economic mobility | 2023 | $21,816,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $3,008,000 |
| East Bay Community Foundation | General support, college expenses, cradle to career initiatives, florence baldwin scholarship | 2023 | $1,095,492 |
| Donor Advised Charitable Giving | Education | 2023 | $568,933 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $100,050 |
| San Francisco Foundation | To support scholarships. | 2023 | $50,000 |
| Impactassets Inc | General support | 2023 | $20,000 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2023 | $20,000 |
| Policylink | Crosscutting strategies | 2023 | $15,000 |
| American Online Giving Foundation Inc | General support | 2023 | $8,488 |
| San Francisco Foundation | Advised - seed funding for k2c cohort 2016 - 2021 (2029 - 2034 hs grad cohort). advised - to fund k2c cohort 2020 (2033 hs grad cohort) with initial csa accounts. advised - for the oakland promise college completion program. advised - for the oakland promise brilliant baby program. advised - for scholarships. advised - for general operating support. | 2022 | $4,686,250 |
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Frequently asked questions
- Is Oakland Promise a legitimate nonprofit?
- Yes. Oakland Promise is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 54-2103707, based in Oakland, California. Donations are tax-deductible.
- What is Oakland Promise's EIN?
- Oakland Promise's Employer Identification Number (EIN) is 54-2103707.
- How much revenue does Oakland Promise report?
- Oakland Promise reported $20,733,051 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Oakland Promise have?
- CharityIndex grades Oakland Promise B, based on financial health (reserves and operating margin).
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Data for Oakland Promise (EIN 54-2103707) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.