Close the Gap Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Close the Gap Foundation is a 501c3 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 Foundations 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
- Income
- $58,494
- Spending
- $11,793
- Reserves
- Over 10 years of spending
- Largest source of income
- donations and private grants, 97%
Source: Form 990EZ for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990EZ for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $11 spent. Graduates of our program have enrolled in a college or 4 year university The age group targeted is critical for students as they develop their sense of identity and start to prepare for college and their future careers Our Summer Fellowship Program is meticulously crafted to support first-generation low-income FGLI students Our approach addresses the network gap by pairing mentors and students based on similar identities and backgrounds This creates a welcoming environment for students to challenge themselves and share their stories Mentorships are structured around a set of predefined goals and skills that mentors help students develop during planned weekly one-on-ones Goals can include understanding feedback building resiliency networking interviewing and project management Mentors also guide our students as they select and execute a Social Impact Project The Social Impact Project aims to empower fellows to lead and solve problems in their own lives and communities Most FGLI students are not always given the trust or open responsibility to develop their ideas and bring them to fruition Our Fellows projects are tangible work experience and an accolade they can feature in a resume or college application Studies have shown that those who give back to their communities live more fulfilling lives Since 2021 our Fellowship grew to 35 students with over 100 on the waitlist In 2022 we increased the quality of our program earning a Net Promoter Score of 94 among Fellows One of our hardest issues is ensuring we have the appropriate mentor size pools to maintain the quality of our mentorship pairings Every single student should have a passionate and invested mentor with cohort leaders program counselors to guide them throughout the Summer Fellowship Program Cohort leaders are volunteers who dedicate at least 15 hours a week Many are past program participants or individuals early in their career journey In the future we hope to provide payment to these selfless volunteers for their time and dedication Each year our program receives more applications than the number of students our fellowship can accept
Source: Form 990EZ for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending July 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 2018.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Could it be confused with another charity? Worth knowing.
A much larger organization has a similar name: The Foundation (Houston, TX), EIN 92-0742101. If that is the one you meant, check the EIN before giving.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.