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. 39 publicly reported grants to this organization, totaling roughly $5.9M, appear in IRS filings.

EIN: 113720098 JERSEY CITY, NJ Latest filing: 2024
Total Revenue$5.5M
Total Expenses$7.6M
Total Assets$9.6M
Grant Records39
Funding Total$5.9M
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.

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 OPERATING
$1,595,000 1 grant
General Operating
$1,273,793 2 grants
PROGRAM SUPPORT
$850,000 3 grants
For grant recipient's exempt purposes
$517,250 7 grants
GENERAL SUPPORT
$510,007 5 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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