Mission Asset Fund

Analysis

Mission Asset Fund is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mission Asset Fund reported income of $8.9m and spending of $20.2m, spending 227% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.8m to $8.9m (+54%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 619%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mission Asset Fund sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Job Squad Inc ($8.9m), Quincy Institute for Responsible Statecraft ($8.9m) and Allston Brighton Comm Dev Corp ($8.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $850k (4.2% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $31.4m against liabilities of $3.6m, net assets of $27.8m. It reported 54 employees.