Public Charity

GRANITE STATE ECONOMIC DEVELOPMENT CORP

GRANITE STATE ECONOMIC DEVELOPMENT CORP, of PORTSMOUTH, NH, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $11.2M in revenue, $9.2M in expenses, $27.8M in total assets. IRS filings disclose 74 grants awarded by this foundation, totaling roughly $1.3M.

EIN: 020385121 PORTSMOUTH, NH Latest filing: 2025
Total Revenue$11.2M
Total Expenses$9.2M
Total Assets$27.8M
Grants Given74
Grant Total$1.3M
Filing Years2021–2025

Mission

TO CREATE ECONOMIC DEVELOPMENT BY ASSISTING BUSINESSES TO ACQUIRE SBA 504 FINANCING TO EXPAND THEIR BUSINESSES BY ACQUIRING, RENOVATING OR CONSTRUCTING REAL ESTATE AND/OR ACQUIRING MACHINERY & EQUIPMENT. THE EXPANDED BUSINESSES LEAD TO THE CREATION AND/OR RETENTION OF JOBS.

Officers & Directors

FORMER EMPLOYEE Alan Abraham
EMPLOYEE Ashley Mccarthy
VICE PRESIDENT Barbara Arena
DIRECTOR Birgit Christiansen
EMPLOYEE Brandt Abraham
VICE PRESIDENT Carissa Murray

Officer compensation and complete director data available with membership.

Top Grant Purposes

Unspecified
$442,500 14 grants
RESEARCH GRANT
$200,000 1 grant
SCHOLARSHIPS FOR BUSINESS STUDENTS
$199,500 2 grants
MUSEUM PROGRAM SUPPORT
$49,000 4 grants
FOR COMMUNITY LOANS
$35,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2025 $11.2M $9.2M $27.8M
2024 $10.3M $8.0M $25.3M
2023 $9.8M $8.0M $22.4M
2022 $9.3M $8.3M $20.8M
2021 $8.5M $8.1M $20.9M

Between 2021 and 2025, reported annual revenue grew from $8.5M to $11.2M (+32%), with total assets most recently reported at $27.8M.

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

Grant Geography

Grants from this foundation were reported to recipients in MA, ME, NH, VT.

MAMENHVT

Full geographic grant map with state-by-state breakdown available with membership.

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