Mid-Market Foundation
Nonprofit profile at a glance
- EIN
- 850892059
- IRS 990 coverage
- 2022–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-N 2020
- Location
- San Francisco, CA, USA
- Phone
- 5622433389
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $26,681,193
- Expenses
- $30,849,799
- Assets
- $7,540,093
- Liabilities
- $7,612,469
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
People named in this filing
- Sara de la Riva (Chair)
- Max Young (Vice Chair)
- Andrew Sullivan (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Mid-Market Foundation (MMF) is a 501(c)3 non-profit, established in 2019, which accepts charitable donations and grants to create and deliver transformative programs.
What it reported doing in 2024
Community Based Safety Program Continued to provide administration and management to the Community Based Safety Program. Through subcontractor, Urban Alchemy, the organization provided over 200 ambassadors per day to improve the quality of life on 80 block faces from 7:00am to 7:00pm, 7 days a week.Market Street Arts ProgramInvested in diverse artists, art organizations, and creative entrepreneurs to hold spaces in vacant storefronts and public activations while also supporting at-risk, long-standing, and new small businesses and art institutions in the Mid-Market area.
Operating model
- Revenue model
- Grant-funded. 84% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some related-organization disclosures are missing and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 86
- Accountability: 100
- Sustainability: 17
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 95.9%; rating input score 96
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 8th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: No; rating input score 0
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -15.6%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 0.24; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: 1.01; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 96; 96th percentile among comparable filings
Growth
- Program expense growth: 16% per year; rating input score 100; 85th percentile among comparable filings
- Revenue growth: 8.8% per year; rating input score 100; 69th percentile among comparable filings
- Asset growth: 31.4% per year; rating input score 100; 96th percentile among comparable filings
Details
- What they do: 7 programs and campaigns described on the official site · 2 operating locations identified
- Where the money goes: 100% of revenue deployed · 95.9% of spending went to programs
- Governance: 8 of 8 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $29.6M in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Highest-paid contractors: 5 contractors listed · $28.4M reported
- Consistency: 21 of 22 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and related organizations
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- High — Sustainability: Operating margin scored 6/100.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 6/100.