California · Nonprofit
NEW RISING VENTURES
NEW RISING VENTURES (California) receives grants from 5 organizations whose IRS filings report $548,166 to it, the largest being JOHN D AND CATHERINE T MACARTHUR FOUNDATION ($300,000). 0 of them have funded it in more than one year.
- Revenue FY2025
- $735k
- Funders on record
- 5
- Grants received
- $548k
- Net assets
- $129k
What New Rising Ventures does
Mission
New Rising Ventures supports early-stage, nonpartisan entrepreneurs and activists transforming our democracy through innovation and bridges a critical gap not fulfilled by traditional grant-makers or venture capital. Our signature four activities include investments and grantmaking, portfolio support, field building, and convenings.
As stated on its FY2025 Form 990.
Program
In 2025, New Rising Ventures continued to build strong momentum across our responsible ai and latine voices for democracy initiatives, while deepening our focus on internal culture and operational sustainability. Latine voices for democracy (lv4d) is the first u.s.-based accelerator of its kind delivered bilingually and focused on latine-led news organizations and content creators. It is designed to strengthen local information ecosystems, advance nonpartisan civic education, support community-serving journalism, and empower trusted latine-led organizations to combat misinformation and foster civic engagement. In 2025, we expanded lv4d by launching a second accelerator cohort, bringing creators and local newsrooms together as equal partners in informing the public and encouraging civic participation. Over seven months, participants receive targeted mentorship, training, and partnership support from mission-aligned technology and media organizations to deepen their community engagement, storytelling, and audience-building capacity, as well as capital, technical tools, and training on capital structure and impact measurement to support their long-term sustainability. A major…
$420,411 spent68% of program spending
The program described on its FY2025 Form 990. Program spending in total: $614,604. The per-program figures do not add up to the total the return states; both are shown as filed.
The organization over time
Each line starts at 100 in 2024, so what you read is the shape rather than the size: 150 means half as much again as 2024, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $423k to $214k (−49%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
100% of NEW RISING VENTURES’s revenue is contributions — more reliant on donations than three-quarters of its peers (87% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 2 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
4 of 5 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 45% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of NEW RISING VENTURES’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
NEW RISING VENTURES leans on a few funders — its largest provides 55% of grant income and the top three 89%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
45% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund NEW RISING VENTURES.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
NEW RISING VENTURES draws 100% of its grant income from funders outside California, across 1 state in all.
Funder states come from each funder’s own filing. $248k arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
NEW RISING VENTURES has grown faster than three-quarters of the 4,237 philanthropy nonprofits its size.
this organization peer median middle 50% of peers· 4,237 philanthropy nonprofits $100k–$1M, FY2025
Organizations like NEW RISING VENTURES
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In California
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
63% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for NEW RISING VENTURES: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds NEW RISING VENTURES?
- NEW RISING VENTURES (California) receives grants from 5 organizations whose IRS filings report $548,166 to it, the largest being JOHN D AND CATHERINE T MACARTHUR FOUNDATION ($300,000). 0 of them have funded it in more than one year.
- How many funders does NEW RISING VENTURES have?
- IRS filings report 5 organizations giving $548,166 in grants to NEW RISING VENTURES.
- Who is the largest funder of NEW RISING VENTURES?
- JOHN D AND CATHERINE T MACARTHUR FOUNDATION is the largest funder on record, with $300,000 in grants. The full list of funders is on this page.
- How can an organization like NEW RISING VENTURES find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in California. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2024–2025), and the filings of 5 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing