Overview

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Est.

1996

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

ICAFUND, formerly known as Inner City Advisors, is a nonprofit organization focused on community improvement in the San Francisco Bay Area. With an operating budget of $6.9 million and total revenue of $7.7 million for the 2024 filing year, ICAFUND provides coaching, connections, and capital to help local businesses grow. The organization does not rely on a single funder for more than 50% of its revenue, ensuring a diverse financial base to support its mission. For more information, visit www.ica.fund.

Mission Statement

PROVIDE COACHING, CONNECTIONS, AND CAPITAL TO GROW SAN FRANCISCO BAY AREA BUSINESSES.
Revenues
$7.7M
Expenses
$6.9M
Net Income:
+$770.3K
Assets
$23.9M
Liabilities
$12.4M
Net Assets:
+$11.5M
Operating Budget
$6.9M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
10
Median grant size
$100.7K
Largest grant received
$750K
M
Mona Masri
Board Member
W
Wilbur Hobbs
Board Member
D
Dennis Green
Board Member

Frequently Asked Questions

What is ICAFUND FKA INNER CITY ADVISORS’s budget?
In 2024, ICAFUND FKA INNER CITY ADVISORS reported an annual operating budget of around $6.9 million. More detailed financial information is available to registered users.
What causes does ICAFUND FKA INNER CITY ADVISORS support?
ICAFUND FKA INNER CITY ADVISORS supports work in Community improvement.
Where does ICAFUND FKA INNER CITY ADVISORS operate?
ICAFUND FKA INNER CITY ADVISORS is headquartered in Oakland, CA.
Who funded ICAFUND FKA INNER CITY ADVISORS recently?
In 2025, ICAFUND FKA INNER CITY ADVISORS received grants from CHARITIES AID FOUNDATION AMERICA, Silicon Valley Community Foundation, and CRANKSTART FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant ICAFUND FKA INNER CITY ADVISORS received in 2024?
The largest grant to ICAFUND FKA INNER CITY ADVISORS in 2024 exceeds $750 thousand.
What is ICAFUND FKA INNER CITY ADVISORS’s reliance on government grants?
ICAFUND FKA INNER CITY ADVISORS relied on government grants for less than 5% of their total revenue in 2024.