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Rising Tide Capital Inc

EIN 11-3720098 · Jersey City, NJ

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak40 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$5.5 million
Spending
$7.6 million
Spent on programs
83%
Reserves
-0.5 months of spending
Largest source of income
donations and private grants, 63%
Employees
40
Volunteers
89
Highest pay
$321,492, chief executive officer

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 40 out of 100. Higher than 11% of charities in its peer group (community improvement, $1m to $10m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    10 of 20

    It owes 45% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 38% of income.

  • Income trend

    15 of 15

    Income rose 10% on the year before.

  • Spending floor

    15 of 15

    83% of spending went to programs and raising each dollar of donations cost 17 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 68% of charities in its peer group (community improvement, $1m to $10m).

  • Independent board

    25 of 25

    8 of 11 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, 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)
  1. $6.3 million spent. RISING TIDE CAPITAL MARKED A TRANSFORMATIVE YEAR IN 2024, CELEBRATING ITS 20TH ANNIVERSARY WHILE ACHIEVING SIGNIFICANT MILESTONES IN ENTREPRENEURIAL SUPPORT AND COMMUNITY DEVELOPMENT. THROUGH THE RISING TIDE NETWORK, THE ORGANIZATION NOW OPERATES IN 18 LOCATIONS ACROSS 15 STATES, HAVING SUPPORTED OVER 11,000 ENTREPRENEURS SINCE ITS FOUNDING.RISING TIDE CAPITAL AND THE RISING TIDE NETWORK PROVIDED INTENSIVE BUSINESS MANAGEMENT TRAINING & EDUCATION WITH ACCESS TO CAPITAL AND COACHING SERVICES TO OVER 2,100 ENTREPRENEURS DURING 2024. 494 PEOPLE PARTICIPATED IN OUR COMMUNITY BUSINESS ACADEMY, 550 PEOPLE RECEIVED ADVANCED TECHNICAL SUPPORT AND COACHING THROUGH OUR BUSINESS ACCELERATION SERVICES PROGRAM (A 31% INCREASE FROM 2023), AND 230 PEOPLE RECEIVED CREDIT COUNSELING, LOAN PACKAGING, AND ACCESS TO CAPITAL SERVICES THROUGH OUR CREDIT TO CAPITAL PROGRAM, WITH COACHING HOURS INCREASING BY 377% TO 1,831 HOURS.DURING 2024 THESE EFFORTS RESULTED IN 70 NEW BUSINESS STARTS (89% INCREASE FROM 2023), 550 BUSINESSES STRENGTHENED/STABILIZED (26% INCREASE), 331 BUSINESSES EXPANDED (82% INCREASE), AND THE CREATION OF 325 NEW JOBS, REPRESENTING A 55% INCREASE IN JOB CREATION FROM THE PREVIOUS YEAR.WITH PROGRAM GRADUATES ACHIEVING AN 81% BUSINESS SURVIVAL RATE BEYOND FIVE YEARSSIGNIFICANTLY OUTPERFORMING THE 50% NATIONAL AVERAGE ALONGSIDE RISING TIDE CAPITAL'S PROVEN IMPACT IN GENERATING $5.89 IN SOCIAL VALUE FOR EVERY $1 INVESTED RISING TIDE CAPITAL CONTINUES TO DEMONSTRATE THAT ENTREPRENEURSHIP IS A POWERFUL CATALYST FOR ECONOMIC MOBILITY AND COMMUNITY TRANSFORMATION.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. 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 October 13, 2026.

  2. 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 October 13, 2026.

  3. 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 October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since June 2005.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. 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 21, 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.