DIAMOND EDUCATIONAL EXCELLENCE PARTNERSHIP
Mission Statement
The Diamond Educational Excellence Partnership (DEEP) mobilizes community-based organizational partners around a research-informed theory of change designed to improve reading outcomes for children attending public schools in southeast San Diego. DEEP's initial focus is on ensuring that children -- whose schools are located in a cluster of low-income neighborhoods commonly referred to as the Diamond Community -- enter kindergarten prepared for success and complete third grade reading proficiently. DEEP accomplishes this ambitious mission by working with partners to build a continuum of educational and community supports for children (and their families) as they move along the early education pipeline from cradle through third-grade. Over the past six years, the DEEP partnership has grown to include over 50 partner organizations, including five elementary schools, committed to the shared vision of third-grade reading proficiency for community children. Although DEEP recently became a nonprofit in June 2017, it has been leading this work since 2012 under the fiscal sponsorship of the Jacobs Center for Neighborhood Innovation. DEEP's financials for its first fiscal year (July 2017 - June 2018) reflect that reality that DEEP only began operating financially independently in March 2018 with a small staff. The vast majority of its program expenses came due in July 2018, after the close of its fiscal year.
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
74.7% | 89.6% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
17.9% | 7.5% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
7.4% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
14.2 mo | 9.1 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
12.5% | 0.1% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
99.5% | 87.8% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
16.2% | 6.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-7.3% | 7.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
22.5% | 3.1% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $953K | $738K | $871K | 74.7% | 12 |
| 2024 | $820K | $796K | $656K | 78.5% | 9 |
| 2023 | $603K | $708K | $632K | 73.7% | 30 |
| 2022 | $1.8M | $648K | N/A | — | 29 |
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