Risehyre Inc

Nonprofit profile at a glance

EIN
863111059
IRS 990 coverage
2023–2025
Forms available
Form 990 2025, Form 990-N 2022
Location
Tustin, CA, USA
Phone
8005769574
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Job Training

Reported finances

Revenue
$706,375
Expenses
$516,476
Assets
$228,447
Liabilities
$12,724

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • ELYSE HAMBY (EXECUTIVE DIRECTOR)

Highest reported compensation

  • ELYSE HAMBY (EXECUTIVE DIRECTOR): $104,091 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Risehyre's mission is to create a place where people who need job opportunities can receive training and experience in a professional field. Working with other non-profit partners, risehyre generates opportunities for people with barriers to employment, including opportunity youth, the unhoused, the formerly incarcerated, and survivors of domestic abuse, teaching skills and providing a pathway to future employment.

What it reported doing in 2025

Workforce training was provided through life skills training, job skills training, on the job training, and job placement assistance. During 2025, participants supported event services for nonprofit organizations as part of their on the job training. A significant accomplishment was the relaunch of risehyre's paid workforce apprenticeship program, combining classroom instruction, work-based learning, mentorship, and employer engagement. The program prepares participants for employment while expanding access to job opportunities and employer connections.

Operating model

Revenue model
Donor-supported. 84% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 56
  • Transparency & Controls: 92
  • Accountability: 84
  • Sustainability: 50
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 50.1%; rating input score 50
  • Program expense ratio: 68.6%; rating input score 69
  • Fundraising efficiency: $15.62 raised per $1 spent on fundraising; rating input score 48; 48th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 26.9%; rating input score 79; 79th percentile among comparable filings
  • Total-asset coverage ratio: 0.44; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 42; 42nd percentile among comparable filings
  • Officer compensation ratio: 20.2%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: 15.8% per year; rating input score 100; 72nd percentile among comparable filings
  • Revenue growth: 36.8% per year; rating input score 100; 93rd percentile among comparable filings
  • Asset growth: 93.2% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 50.1% of revenue deployed · 68.6% of spending went to programs
  • Governance: 5 of 5 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $354K in reported program spending
  • Leadership: top reported pay $104K · 6 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 3 filing years from 2023 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 50/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 48/100.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 42/100.