Public Charity

RISING TIDE CAPITAL INC AND SUBSIDIARIES

RISING TIDE CAPITAL INC AND SUBSIDIARIES, of JERSEY CITY, NJ, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $5.5M in revenue, $7.6M in expenses, $9.6M in total assets. 41 publicly reported grants to this organization, totaling roughly $6.0M, appear in IRS filings.

EIN: 113720098 JERSEY CITY, NJ Chambers of Commerce & Business Leagues NTEE: S41 Latest filing: 2024
Total Revenue$5.5M
Total Expenses$7.6M
Total Assets$9.6M
Grant Records41
Funding Total$6.0M
Filing Years2019–2024

Mission

RISING TIDE CAPITAL INC. IS A NON-PROFIT ORGANIZATION WHOSE MISSION IS TO TRANSFORM LIVES AND COMMUNITIES THROUGH ENTREPRENEURSHIP. RISING TIDE AIMS TO EXPAND ITS PROVEN MODEL AND PROGRAMS TO SERVE MORE ECONOMICALLY CHALLENGED INDIVIDUALS AND FAMILIES FOR WHOM ENTREPRENEURSHIP REPRESENTS AN IMPORTANT OPPORTUNITY FOR RESILIENCE, GROWTH, STABILITY, AND INCOME GENERATION. WE ARE DRIVEN BY A VISION OF STRONG COMMUNITIES OF RESILIENT ENTREPRENEURS CATALYZING A THRIVING AND SUSTAINABLE ECONOMY FOR ALL.

Where $100 goes at Rising Tide Capital Inc and Subsidiaries

How Rising Tide Capital Inc and Subsidiaries divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$79 Programs the work itself
$11 Management running the organization
$10 Fundraising raising the next dollar

Inside the $79 for programs

$79
Rising tide capital marked a transformative year in 2024, celebrating its 20th anniversary while achieving significant milestones in entrepreneurial support and community development
All program spending · Reported in the filing: 11,000 entrepreneurs; 2,100 entrepreneurs; 494 people
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

CHAIR Aicha Balla
CHIEF OPERATING OFFICER Alex Forrester
CHIEF EXECUTIVE OFFICER Alfa Demmellash
FINANCE AND AUDIT COMMITTEE CHAIRMAN Anand Devendran
BOARD MEMBER Andre Duggin
BOARD MEMBER Angelo Stracquatanio

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$5,114,322 27 grants
Health & Medicine
$125,000 1 grant
Economic Development
$65,000 2 grants
Religion & Spirituality
$11,000 1 grant
Unspecified
$678,800 10 grants

Financial Trends

Year Revenue Expenses Assets
2024 $5.5M $7.6M $9.6M
2023 $5.0M $6.9M $12.4M
2022 $8.2M $6.4M $14.7M
2020 $7.7M $4.7M $8.9M
2019 $4.3M $6.0M $5.7M

Between 2019 and 2024, reported annual revenue grew from $4.3M to $5.5M (+30%), with total assets most recently reported at $9.6M.

Interactive year-over-year charts and full filing details available with membership.

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