Mountain View, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CLOSE THE GAP FOUNDATION, founded in 2018, is a small nonprofit in the Youth Development sector that reported $224K in total revenue in fiscal year 2022. Revenue surged 57% from the prior year, signaling strong growth momentum. Expenses of $197K left a modest 12% surplus.
Close the Gap Foundation is a 501(c)3 nonprofit organization based in Sunnyvale, California. Founded with the vision to create an equitable future without opportunity gaps for low-income youths, Close the Gap Foundation works to empower first-generation, low-income (FGLI) students to build lifelong confidence and reach their fullest potential. Close the Gap Foundation's flagship program, the Social Impact Fellowship, is a three-month all-expenses-paid program that helps first-generation, low-income high school students find mentors, grow their confidence, and give back. Through structured mentorship and project-based learning, Fellows work with mentors from renowned organizations like Amazon, Apple, Google, Microsoft, and UCSF to tackle a self-directed social impact project to pitch to a panel of industry leaders.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $223,967 | $142,825 | +0.6% |
| Expenses | $196,585 | $123,238 | +0.6% |
| Net Income | $27,382 | $19,587 | +0.4% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Tai Tran | President | 20 |
Officer
Director
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$0 | $0 | $0 |
| Jessie Salas | Executive Director | 20 |
Officer
Director
|
$0 | $0 | $0 |
| Kaiwen Pang | Chief Financial Officer | 20 |
Officer
Director
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$0 | $0 | $0 |
| Sonia Sng | Board Director | 10 |
Director
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$0 | $0 | $0 |
| Sushma Kiran | Board Director | 10 |
Director
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$0 | $0 | $0 |
| Manav Gupta | Board Director | 10 |
Director
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $223,967 | $196,585 | $99,089 | $27,382 |
Compare CLOSE THE GAP FOUNDATION with other nonprofits in California and across the country.