Overview

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Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

FOSTERING PROMISE is a human services nonprofit focused on ensuring that every young person aging out of foster care has a safe place to call home, the support of a caring mentor, and hope for a promising future. In filing year 2025, it reported an operating budget of $431.5K and total revenue of $621.8K, with support from funders including THE HEALTH TRUST, SAN JOSE MERCURY NEWS WISH BOOK FUND INC, and Gordon E and Betty E Moore Foundation.

Mission Statement

The mission of Fostering Promise is to ensure that every young person who ages out of foster care has a safe place to call home, the support of a caring mentor and the hope for a promising future.
Revenues
$621.8K
Expenses
$431.5K
Net Income:
+$190.3K
Assets
$260.3K
Liabilities
$48.7K
Net Assets:
+$211.6K
Operating Budget
$431.5K
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
7
Median grant size
$20K
Largest grant received
$75K
A
Andre v Chapman
Board Member
C
Chris Clay
Board Member
G
Gary Rummelhoff
Board Member
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  • 9 funders
  • 9 board & team members
  • 2 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is FOSTERING PROMISE’s budget?
In 2025, FOSTERING PROMISE reported an annual operating budget of around $431 thousand. More detailed financial information is available to registered users.
What causes does FOSTERING PROMISE support?
FOSTERING PROMISE supports work in Human services.
Where does FOSTERING PROMISE operate?
FOSTERING PROMISE is headquartered in San Jose, CA.
Who funded FOSTERING PROMISE recently?
In 2025, FOSTERING PROMISE received grants from SAN JOSE MERCURY NEWS WISH BOOK FUND INC, RAYMOND JAMES CHARITABLE ENDOWMENT FUND, and THE HEALTH TRUST. More information on this organization’s funders is available to registered users.
What is the largest grant FOSTERING PROMISE received in 2024?
The largest grant to FOSTERING PROMISE in 2024 exceeds $75 thousand.
What is FOSTERING PROMISE’s reliance on government grants?
FOSTERING PROMISE relied on government grants for more than 5% of their total revenue in 2025.